cheques in news
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Cheques go up in smoke but plastic is fantastic
News Apacs director of communications, Sandra Quinn, said as retailers stop accepting cheques it is expected that a large proportion of those payments will migrate to debit card payments. This will accelerate a change that is well underway, as the last... [12 May 2008]
Cheques gone by 2018?
News A banking industry consultation on the future of payment mechanisms in the UK is calling for cheques to be completely phased out by 2018. The consultation document published by the Payments Council this week calls for the banking industry to... [27 Nov 2007]
Asda does away with cheques
News Supermarket chain Asda is to stop accepting cheques in a number of UK stores as more people are paying by card, it claims. Shell, the oil company, abolished the use of cheques in its retail petrol stations last year. [03 Apr 2006]
March away from cheques continues apace
News Transport for London (TfL) has joined an increasingly long list of UK organisations no longer accepting cheques as a form of payment. Word emerged this week that the capital's body for public transport and supermarket chain Morrisons have joined a... [22 Jun 2007]
Online shoppers still paying with cash and cheques
News In contrast, 17 per cent of French like to pay for online shopping with cheques, while 19 per cent of Italians use cash on delivery. More than half of European web users regularly shop online - though not all of them are making their payments over... [04 Jan 2007]
Unisys cheques up on Barclays and Lloyds TSB
News John Smith, VP of global industries financial services at Unisys, explained many corporates require their cheques to be returned after they have been cleared. The two UK retail banks Barclays and Lloyds TSB are setting up a joint venture with... [18 Aug 2000]
Troy offers e-cheques to reluctant e-shoppers
News Troy Group is taking an alternative route to encourage people who are nervous about sending their credit card details into cyberspace to use ecommerce. The company, which is rumoured to be on the verge of a deal with a large US online brokerage... [19 Nov 1999]
Security consultants writing their own pay cheques
News Pay for qualified security consultants has soared over the past year as budgets return and demand grows around the critical issues of application and system security. On average, security consultants are currently charging 25 per cent more year-on... [04 Oct 2005]
e-payments could kill off the cheque by 2025
News Cheques could soon be the financial world's equivalent of the penny-farthing, as debit cards, internet and phone banking continue to wipe out the need for paper money. According to predictions from Halifax, cheques could go the way of dodo within... [15 Aug 2005]
Axed WorldCom staff may lose severance pay-outs...
News It has emerged that the company changed its severance payments policy last month, before the fraud came to light, so that axed staff would receive their pay-off cheques in bi-weekly instalments rather than a one-off lump sum. [16 Jul 2002]
Barclays offers instant cheque clearing
News However, the service will not be available to business customers as it claims they receive cheques from more unreliable sources. Cheques will still go through the three-day clearing system, but customers will be able to draw up to £1,000 on the day... [11 Sep 1998]
35,000 companies risk missing payment switchover deadline
News But tens of thousands of companies have yet to start their migration, and if they don't act soon they could be forced to use cash and cheques to pay their staff next year. But if they don't get the migration completed by the end of the year, they... [20 Sep 2005]
Faulty software could hit student loans
News He claimed the department is confident students will receive their cheques by the first day of term. Lane said many LEAs are doubtful cheques will be paid on time. The UK Students Loan Company has come under fire after the software it provided to... [26 Jul 1999]
Unisys takes over Dutch banks' paper payments
News Interpay currently processes 110 million cheques a year in the Netherlands. Unisys currently handles more than 70 per cent of the cheques in the UK, which number about 13 million a day, and is the largest cheque processor in Australia. [06 Apr 2004]
Banks to speed up cheque clearing times
News A report published today by the Cheques Working Group, led by the OFT, found there is no case for a complete rebuild of the cheque-clearing system. Government research has found the number of cheques in circulation is falling by around eight per... [14 Nov 2006]
