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VocaLink & BancTec to run image-based cheque clearing system

30th March 2017 Church News.

VocaLink and BancTec have been selected by the Cheque and Credit Clearing Company (C&CCC) to build and run the infrastructure for an industry-wide image-based cheque clearing system. The new system, which aims to speed up cheque processing significantly for customers across the UK from six days to just one, will go live with some banks and building societies from 30 October 2017.