Why has the CPA changed the Canadian cheque specifications?
The new cheque specifications are a key part of an industry-wide plan to modernize Canada’s cheque clearing system through image technology. The new specifications are designed to ensure that high-quality images can be captured from the cheques for use by financial institutions and their customers, and to make cheque processing more efficient. For more information on this initiative, consult “Cheque Imaging: A Change Whose Time Has Come”.
