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10th August 2018
Cheque and Credit Clearing Company appoints its first general manager
The Cheque and Credit Clearing Company (C&CCC), which supports the paper clearing system for cheques and credits as well as the Image Clearing System, has appointed Alan McDonald as its first General Manager.
Mr McDonald previously held the roles of Managing Director and Director of Planning, Finance and Risk within the C&CCC. He has been with the organisation since April 2017. Immediately prior to that, he worked in interim finance leadership positions with Tesco Bank and Clydesdale Yorkshire Banking Group delivering operational and efficiency improvement.
Mr McDonald’s appointment follows recent industry-wide changes as operational responsibility for the C&CCC transferred to the New Payment System Operator (NPSO) earlier this month. This was part of a planned consolidation of the UK’s three retail payment schemes that has seen Bacs Payment Schemes Limited, Faster Payments Scheme Limited, the Cheque & Credit Clearing Company Limited and UK Payments Administration Limited become wholly-owned subsidiaries of the NPSO.
Mr McDonald said: “I am delighted to take on this new role as part of the NPSO at such an exciting time for the cheque and for the payments industry as a whole. The cheque continues to be a vital payment method for older people, small businesses and many charities and, with the introduction of cheque imaging, the future of the cheque has been secured for many years to come.”