Cheques are likely to be abolished following a vote today to end the 350-year-old means of payment.
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Update: 2 minutes ago:
Cheques will be phased out as legal tender by the end of 2018, according to a decision made today by the Payments Council Board. The board today announced that it will close the central cheque clearing by 31 October, 2018 in response to the long term and what it called “terminal” decline of the payment form. ...
The Payments Council is due to decide whether to abolish the national cheque clearing system, a move which would effectively make all cheques redundant. The change would be phased in over several years and completed by 2018.
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Update: 2 minutes ago:
Cheques to be abolished by 2018
Civil Society Media - 2 minutes ago
Cheques will be phased out as legal tender by the end of 2018, according to a decision made today by the Payments Council Board. The board today announced that it will close the central cheque clearing by 31 October, 2018 in response to the long term and what it called “terminal” decline of the payment form. ...
Britain bounces checks after 300 years
Reuters UK - - 1 hour ago
LONDON (Reuters Life!) - After more than three centuries, the humble check could become a historic relic if British banks, ...
