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UK Wants To Phase Out Checks By 2018

Posted by samzenpus on from the cash-or-credit dept.

The board of the UK Payments Council has set a date to phase out checks in a bid to encourage the advance of other forms of payment. They added, however, that the target of Oct. 2018 would only be realized if adequate alternatives are developed. "The goal is to ensure that by 2018 there is no scenario where customers, individuals or businesses, still need to use a cheque. The board will be especially concerned that the needs of elderly and vulnerable people are met," the Payments Council said in a statement.

2 of 796 comments (clear)

  1. Wrong by hoofie · · Score: 5, Informative

    It isn't spelt 'checks' it's 'cheques' in the UK - for fucks sake get it right.

  2. Re:Good Riddance by McHenry+Boatride · · Score: 5, Informative
    Cheques aren't just used in retail. Many small businesses - builders, central heating engineers, and others of that ilk - accept, and prefer, payment by cheque or by cash. They don't want the extra expense of accepting credit cards, and not all customers have access to electronic funds transfer.

    Some acceptable alternative, that doesn't involve having a computer of a rather insecure mobile phone, will need to be devised before phasing out cheques completely.