Business Issues -> Regulation
Released: 22nd March 2013
Scrap metal recycling business E A Heath has adopted the Checkprint Solution Express from the TALL Group of Companies to comply with new legislation banning cash transactions. This will ensure the company has the correct processes in place to meet the requirements of the revised Scrap Metal Dealers Act 1964, as well as help streamline payments, reduce administration and provide a professional service to customers.
The solution, including all software and an initial 1,000 laser cheques, has been implemented at two sites in Stoke on Trent in Staffordshire and Rhyl in North Wales. As a result, E A Heath will now be able to quickly and accurately print individual cheques for scrap metal purchases with a receipt of payment as an alternative to an existing electronic payment service.
John Hand, Company Director at E A Heath commented: “Checkprint Solution Express provides an effective solution that is not only straightforward to use but is also good value for money. It allows us to swiftly print individual cheques for our customers, enhancing our payment offering in line with the new regulations and presenting our company in a professional manner.”
Martin Ruda, Managing Director of The TALL Group of Companies commented: “We have developed this simple and cost effective solution to help scrap metal dealers and merchants operate legally and efficiently. It provides total peace of mind that the correct processes are in place, whilst delivering a range of other benefits in terms of service provision, fraud protection and financial control.”
The revisions to the Scrap Metal Dealers Act 1964 came into force at the beginning of December 2012, outlawing the purchase of scrap metal for cash and only permitting cheque or electronic payments.
Published by: electronicdawn Ltd.