Access Bank UK, a fully-owned subsidiary of Nigeria’s Access Bank, has become a full participant in the Cheque and Credit Clearing Company’s Image Clearing System (ICS).
After the latest addition, the ICS system has 18 members.
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The ICS system allows banks and other financial institutions to connect their deposit channels enabling them to procure and send images of cheques electronically to facilitate clearing process.
The initiative to join ICS is a part of the bank’s plan to enhance its services to strengthen its relationships with its business and consumer customers.
Key development for Access Bank UK
Access Bank UK managing director and CEO Jamie Simmonds said: “Today marks another key development for The Access Bank UK. This is a move which follows a year of significant all-round growth for us in 2017.
“Our ethos is based on building the trust and loyalty of our customers and we have a clear commitment to strong customer service. Joining the Image Clearing System is yet another example of this approach, as we further improve and increase the services we offer.”
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By GlobalDataThe Cheque and Credit Clearing Company is a subsidiary of the NPSO. It is responsible for the management of the cheque and credit clearing system in England, Wales and Scotland.
Since October 2017, it has also been managing the ICS.
