INDUSTRY-wide moves to "put cheques firmly in the 21st century" – with new technology enabling them to clear by the next day – will start in October.
A new system will enable images of cheques to be exchanged between banks and building societies instead of moving paper cheques around the country.
It will slash the length of time it takes a cheque to clear from six working days to the next working day.
For the full story, click here.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here