No Checks Please, We're British
SOURCE: DIGG • 2009-12-18
TOPICS:
Payment Systems • Banking • Cheque • Numismatics • Securities • Bank • Payment • Clearing • Business_finance
[127 diggs @ Business & Finance] This week, the British banks governing the UK Payments Council decided to phase out their check clearing system by October 2018. In effect, they set an expiration date for the use of paper checks (or cheques as they prefer).
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