Yes,
T & S can Print any business form including new CPA Standard
Cheques...
Deadline
for Adopting
New
Cheque Specifications Extended
As of May 12, 2006, the deadline for adopting the new cheque
specifications has been extended to June 30, 2007 in order
to allow businesses more
time to make the necessary changes to their cheques and modify
or update their softwares involved in cheque production.
This timeline will continue to ensure that cheques are “image-friendly” in
preparation for the transition to image-based clearing.
The Canadian Payments Association (CPA) has published new
specifications for Canadian cheques in preparation for the transition to image-based
clearing. Under the new specifications, all cheques used by customers
of financial institutions operating in Canada will require some
changes. The new specifications, as outlined in CPA
Standard 006, Part A, are
necessary to ensure that high-quality cheque images can be captured,
both for clearing purposes and for delivery to clients, and to
enhance processing efficiency.
Prior to finalizing the specifications, the CPA invited comments
from stakeholders on proposed changes and took into account
input received.
Most organizations that participated in the consultation
process indicated they could make the transition to the new
cheque
specifications within
one year. However, with a view to minimizing impact on stakeholders,
the CPA and its member financial institutions have established
a two-year transition period to ensure cheque printers, software
providers and
businesses that produce their own cheques have ample time
to make the necessary changes. Thus, all Canadian business
cheques
should
conform
with the new specifications as outlined in CPA
Standard 006, Part A by June 30, 2007.
Contact
us early for details or a quote.
