Barclays is set to be the first bank in the UK to pilot technology that will allows businesses and consumers to deposit cheques via their smartphones, reducing the time it takes for cash to clear.

Barclays is extending its cheque imaging service to almost one million people, half of which use Android devices. The bank said since the pilot launched in June 2014, 30,000 customers had deposited ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Barclays has been piloting the service with a few thousand ...

Barclays is expanding a pilot project to enable a million customers to pay in cheques online by taking a picture of them. Barclays has been piloting the scheme with thousands of customers since June ...

Already used in the US, France and Asia, customers use apps on their smartphones to pay in cheques with JP Morgan Chase introducing the service in 2010 followed by Citibank and Bank of America. To ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Under the proposals, UK banks will be able process cheque ...

Sixty years ago about 200 people worked from a former shoe factory on Barclaycard's first scheme.

Although the future of payments is digital, thanks to contactless and mobile, physical methods like cheques are still remarkably popular. For years, recipients have needed to wait up to five days for ...