Who are iPSL?

Intelligent Processing Solutions Ltd (iPSL)

Processing over 500 million cheques per year, it is safe to say that iPSL are the market leader in processing domestic cheques across the UK.

We specialise in banking and financial services operations and are the UK Business Process Outsourcing (BPO) joint venture between Unisys, Barclays, HSBC & Lloyds Banking Group (three major banks and an outsourcing and technology services company.)

We provide the UK domestic cheque clearing and associated services such as debit/credit outclearing, fraud detection, image based returns and lock box to over 80% of the financial markets. We undertake other complimentary services such as Research and Adjustments and Mandates.

Through our fraud management capability, we successfully stop over £120m worth of fraudulent UK domestic cheques per annum. Managing risks and the ability to identify fraud is one of our major strengths.

Other areas where we support our clients are ISA & Mortgage processing, Scanning facilities and reconcilements.

What is our vision?

To become the market leader in providing a paperless society through the provision of an Image based processing and exchange structure by 2015. This could provide the opportunity for cheque longevity post 2020.