Faster Payments - Kill the Cheque!
Faster payments are coming according to APACS, the UK payments association. Something which I truly hope will start to call last orders for the traditional cheque system, but the biggest challenge is that people are still scared about online banking.
The only real reason I visit a bank these days is to cash a cheque in, even though HSBC have fitted out my local Branch with lots of high tech gizmo's.
On a side note, NEVER post date a cheque as it's complete myth. Banks ignore post-dated cheques and just cash them anyway. I found this out first hand when I gave my landlord two cheques, one for upcoming rent and another for rent when they wouldn't be in the area to collect a cheque. When they cashed both and it went through, cue a quite angry phone call.
