Cheque use under review

Friday, 19 August, 2011

The Australian Payments Clearing Association has launched a review which may result in cheques being eliminated as a payment method.

While cheque numbers have been steadily declining for more than a decade, Reserve Bank of Australia figures show that cheque use in Australia has declined by more than35% in the last four years.

Recent research commissioned by APCA found that 75% of consumers do not use cheques at all. However, 5% of Australians believe they would have a major problem finding an alternative to using cheques. These consumers are predominantly the elderly, rurally isolated and unwaged.

A consultation paper is available at Submissions are due by 29 July 2011.

Related News

New partnership for Narellan

Narellan Pools has announced a partnership with North America's largest pool company, Latham...

SPASA Women in Leadership — don't miss out

Want to win over the most difficult customers? Join the Communications in Action workshop,...

Spa Electrics boosts The Next Step facilities

Spinal cord injury recovery organisation The Next Step has opened a brand new wellness hub,...

  • All content Copyright © 2021 Westwick-Farrow Pty Ltd