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She also gave details of how the relative of one arrested public official acted as a conduit to hide the cheque payment to that individual.
Many emails and phone calls later, we received an email with an apology and an assurance that easyJet were "ready to reimburse" us the slightly smaller amount of £260 once we provided details to enable cheque payment to be made.
Telegraphic transfer, card payment, electronic money, and cheque payment are the proxies for cashless payment.
Online fund transfer and card payment can be considered as substitute to cheque payment.
A cashless transaction refers to an economic setting whereby goods and services are transacted without cash (Paul and Friday 2012), either through electronic transfer or cheque payment.
In electronic commerce, the usage of cheque payment will be less appealing as compared to the convenience of online transfers and card payment.
Similar(49)
Speeding up cheque payments into business accounts is to be welcomed as many find the current process frustratingly slow.
In December, the Federal Reserve said that electronic payments—using debit and credit cards and so forth have exceeded cheque payments for the first time.
Just as individuals carry cash to cover incidental spending, banks hold reserves to cover cash withdrawals, cheque payments and bank transfers.
The chancellor, George Osborne, is to consult next year on legislation to speed up cheque payments and make it easier for businesses and consumers to use smartphone technology.
A handful of companies have sprung up offering payment cards that pull money directly from a customer's bank account through the "automated clearinghouse" network, which was originally set up to settle cheque payments and now also handles electronic ones.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com