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A 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.
The use of cheques fell by 4%.
The use of cheques is declining fast.
Some of her allegations are supported by photocopies of cheques.
And lots of cheques bounce, producing plenty in penalty fees.
The use of cheques has been declining for years.
American businesspeople and consumers write a lot of cheques.
According to the Cheque and Credit Clearing Company, the number of cheques written by individuals has dropped by 47% in six years.
Last summer, California even had to issue IOUs in lieu of cheques to its creditors.
Many opponents of the ditching of cheques are concerned about the effects on elderly people.
The banking industry will not scrap the use of cheques after all, it has been announced.
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CEO of Professional Science Editing for Scientists @ prosciediting.com