by Edmund Jenks
| February 8, 2007 at 09:40 am
When was the last time anyone drags a checkbook around with them every time they leave the house and run errands? OK, if one doesn’t have American Express, one still needs a checkbook for an outing at COSTCO, but this is a rare exception. Even retailers are moving to scanning checks they receive into an electronic communications package thus converting checks to electronic payments. Plastic, plastic, plastic – it is just to convenient! And if one isn’t using their cerdit/debit card to pay for things, they are using the web to get things done.
Excerpts from AP via The Washington Times -
Check writing loses ground to electronic payments
By Josh Funk - ASSOCIATED PRESS - February 8, 2007
OMAHA, Neb. -- Some consumers may still be writing checks, but merchants increasingly are scanning those checks and converting them into electronic payments.
That, accompanied by the increasing use of credit and debit cards, may be tolling the end of check writing.