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Cheque writing in permanent decline

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31/08/2007

Cheque writing as halved from 2 billion to 1 billion in the last ten years, according to a report published by trade association APACS.More...The report The Way We Pay 2007: UK shows that in 2006 only 54% of adults used cheques to make payments and just 47% received a cheque payment.  
Sandra Quinn, director of communications at APACS, said: “Cheques use has really taken a tumble in the past decade as both consumers and businesses have increasingly made the move away from paper and opted for plastic and automated payments instead.”
For personal payments, cheques have decreased from one in four non-cash payments in 1996 to one in 14 in 2006.

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