With analogue (cheque) payments representing just 1.5% of the total Bacs, CHAPS, Faster Payments and Image Clearing System volumes is it the right time to join the Bahamas and decide to donate the humble cheque to that vast imaginary museum - the Museum of Curiosity?
The podcast from Mike Chambers at Northey Point explores:
A 17th Century Alternative To Cash
Peak Cheque
A steady but profound decline
Just 1.5% market share
Our payment habits have changed
The content of our pockets has changed
The end of the cheque that never was
It’s not just a British thing
After a long and illustrious career
After a long and illustrious career let’s send the humble cheque off into retirement and let our payment habits truly reflect the digital society we live in.
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