Blogs published on 06-05-2019

Cheques remember them?

POS SOFTWARE

Bank slips

If you want an example of how quickly the economy is moving, look at cheques? 

In 2015, when I looked at a few of my clients' information cheques made up about 20% of all payments. Since then it has dramatically fallen. 

Today its become so minor in retail that one of our competitors has announced that they are pulling out support for cheques. They may be right as so many of my clients have stopped taking cheques mainly as so many people now days do not have or do not use a cheque account.

If current usage trends continue, I expect in retail as a payment method it will disappear entirely by the end of this year. Then we will review the situation.

 

 

 

 

 

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