Blankety-Blank For The Cheque Book
ALONG with analog TV, smoking in pubs and belief in the British political system, it now seems that the humble chequebook is set to be consigned to history.
With high street chemist Boots joining the likes of Shell, Next and PC World in deciding to stop accepting cheques at around 1,5000 of their stores nationwide and with Tesco pondering a similar move with a number of trials in some of its supermarkets, the end may well be nigh for a form of payment that dates all the way back to 1642.
Apacs, the UK payments association, has found that people write less than two cheques a month and receive less than seven a year.
The Federation of Small Businesses, however, insist that cheques are still widely used to pay the likes of plumbers and builders while Help The Aged are concerned that the changes will hit pensioners who feel comfortable using cheques rather than chip and pin technology.
Still, expect a revival in ‘retro’ ‘old skool’ chequebooks amongst the uber-trendy in the coming years.
Posted: 7th, May 2007 | In: Money Comments (2) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink
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May 8th, 2007 at 9:05 am
[...] May WE have already seen that the humble chequebook is about to get the heave-ho, but now it appears that even the existence of cash is under threat. A [...]
May 8th, 2007 at 12:02 am
By not appreciating that signatures personalised with ID stickers would make cheques virtually 100% reliable as described on website http://www.theuniversalidsystem.com, financial institutions have killed this system to conclude transactions where card readers are not present.
Unless we personalise signatures we will let fraudsters kill cheques and bankers’ draft system and boost on identity fraud. Why are banks making such a daft blunder?