Cheque processing centres to close with 600 job losses

Intelligent Processing Solutions Ltd cutting operations to two sites in Northampton and Milton Keynes amid decline in usageA cheque processing company is closing seven sites across the UK with the loss of 600 jobs, ahead of the nationwide introduction of new cheque imaging technology.Intelligent Processing Solutions Ltd (iPSL), which processes 5m cheques a day, said it plans to slash its operations to two sites in Northampton and Milton Keynes. This will reduce its workforce to just over 700 peo