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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?"
Head of Research
06 Oct 2006
This post is from a series of posts in the group:
A community to discuss the future of financial services and any other interesting trends, strategies, ideas, views.