Now, transfer money by emailing photograph of cheques to banks
London,
Dec. 26 : A new money
transfer scheme championed by Chancellor George Osborne allows bank account
holders to deposit cash right
from the comfort of their home or office by simply emailing the
picture of a completed cheque.
Officials
said that the change, which is expected to be implemented as early as next
year, will speed up deposits but they dismiss fears it paves the way to
scrapping cheques.
According
to the Daily Express, with payments of nearly 840billion pounds made by cheques
processed in the UK last year, a pensioners' charity has called for a guarantee
that cheques will not be phased out.
Caroline
Abrahams of Age UK said that it is essential that the new processing systems
are secure and the option of paying in face to face at a bank or post office
remains available to anyone who prefers to bank that way.
Meanwhile,
business and consumer groups have welcomed the plan as many find the current
process frustratingly slow.
The
report said that a key option is to enable banks to
process images of cheques rather
than paper with technology widely used in the US and consumers could be allowed
to snap picture of a cheque via their phone camera and sent it as an email or a
text message to their bank
Now, transfer money by emailing photograph of cheques to banks
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