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What are the mandatory changes to commercial cheques?

April 26, 2017changes cheques Commercial mandatory

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What are the mandatory changes to commercial cheques?

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The Canadian Payments Association (CPA) announced changes to modernize Canada’s cheque clearing system by incorporating ‘cheque imaging’ to make cheque processing more efficient and effective. By June 30, 2007, all cheques must be revised to meet the CPA’s new specifications. Please refer to the section on , for further details.