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The death of the cheque
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November 21st, 2009UncategorizedThe death of the cheque has long been predicted. Financial services companies hate them - nasty 19th century things. They are expensive to produce and to process, and they'd much rather we switched entirely to credit and debit cards and direct debits.
But us pesky consumers. We're not to easy to tempt away. We like them.
I personally wouldn't pay my freehold company in any other way - because they have a 100% record for messing up electronic transactions - taking hundreds of pounds by mistake and then refusing to credit it for months. You can't do that with cheques.
So have banks shrugged their shoulders and decided that consumers should be allowed to choose the method of payment that is right for them?
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