HC Deb 21 March 1994 vol 240 c22W
Mr. Cousins

To ask the Chancellor of the Exchequer what account he has taken of the effect of technological advances on the requirement for the cheque presentation systems under the Bills of Exchange Act 1882.

Mr. Nelson

The Government are committed to introduce legislation, as soon as parliamentary time will permit, to enable a collecting bank to capture electronically the details of a cheque and to pass on to a paying bank those details instead of the cheque itself. The Government will need to consider carefully appropriate safeguards for consumers.