Egyptians were using cheques 70 years before the birth of Christ, but Eurocentric historians look no further back than medieval Europe.Even then, there is confusion about where the first European bankers banked.
An increased in the cost of using cheques to pay for goods and services, will directly encourage consumers to seek alternative mode of payment, namely, online transfer or card payment.
PayPal, which allows money transfers and payments to be made online - an alternative to using cheques or money orders, is one company that is cashing in on this trend.
Banks have never lost out because of their gracious generosity in allowing customers to use cheque books, debit cards or cash machines for free.
Who still uses cheques?" I thought.
Without an account to put pay-cheques into, they have to use cheque-cashers.
So who are these people, and what do they use cheques for?
It is no longer possible to use cheques or credit cards or to make bank transfers.
His machine didn't use plastic cards – instead it used cheques impregnated with carbon-14, a mildly radioactive substance.
A further complication was that the Post Office uses cheques for Isa transfers, while banks such as tHalifax use an electronic system.
