CIPP response to HM Treasury's consultation on cheque imaging
08 April 2014
The CIPP policy team has submitted a formal response to HM Treasury’s consultation on cheque imaging.
The policy team would like to thank everyone who responded, including members of the AAT.
Those who responded warmly welcomed the proposal to legislate to protect the right of customers to continue presenting paper cheques at bank branches, however the proposals to introduce cheque imaging through smartphone technology were more muted. This is likely to be because information is very vague, meaning members were unsure whether there will be any benefits or additional costs brought about by the new technology.
Our consultation response is available to download through the link below.