Blog article
See all stories ยป

Paper cheques are so 17th Century

A sign of the times: The Cheque and Credit Clearing Company (C&CCC) and Apacs, the UK payments association, has issued a new advice guide for consumers on how to write and receive cheques.

Recent research conducted by C&CCC has shown that over half of all UK account holders are concerned about receiving cheques and around a quarter don't like to write cheques because of the risk of fraud.

The guide offers straightforward advice to keep safe - such as correctly dating a cheque and drawing a line through any unused space - and tips on alternative payment methods.

The guide also warns consumers against accepting cheques from people they don't trust, especially for high-value transactions, and reserves a whole page to highlight the risks arising from cheque fraud. It also notes moves by UK high street retailers Tesco and Marks & Spencer to stop accepting paper cheques at the check out.

The hidden subtext: "Isn't it time you nitwits moved out of the the 17th Century and into the 21st?"

4506

Comments: (0)

Paul Penrose

Paul Penrose

Head of Research

Finextra

Member since

06 Oct 2006

Location

London

Blog posts

307

Comments

249

More from Paul

Blog post

ANZ and Visa lose the plot

Blog post

Now we are ten

Blog post

Finextra's Best of the Web

This post is from a series of posts in the group:

Trends in Financial Services

A community to discuss the future of financial services and any other interesting trends, strategies, ideas, views.


See all

Now hiring