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And if Americans want to use paper cheques, they should be able to.
Overdraft-proofing the debit cards and eliminating paper cheques would reduce cost and risk.
Because the country built its banking system essentially from scratch, it was never hampered by legacy practices such as paper cheques.
It's good to see plans to bring cheques into the modern age with digital imaging and faster payments, alongside continued use the more traditional paper cheques.
Customers without smartphones would be able to use similar technology at cashpoints or branches, or continue to pay in paper cheques, as they do now.
Americans are still heavy users of paper cheques (see chart), and the banks at which they are deposited must send them to those on which they are drawn, perhaps thousands of miles away.
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This image can be reconstituted into a paper cheque by the drawer's bank.
And stacks of paper, chequing-account ledgers, compact discs (as well as floppy ones, should anybody still have them), credit cards, folders and much else besides though, cleverly, not fingers or clothes.
The company mails you a paper "Dining Cheque" via snail mail, and warns that for security purposes, they are delivered in plain, white envelopes.
The problem was solved when someone persuaded him that if the central bank issued high-denomination bits of paper called "bearer cheques", with an expiry date, this was somehow different from printing money.
The industry's search for a "paper-based" alternative to cheques, announced only last year as a way of accommodating critics, has also been cancelled.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com