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FPB urges slow phasing out of cheques to protect small businesses

The FPB has urged the Payments Council to phase out cheque payments slowly and not set a definite date for its abolition in order to minimise the effects on small businesses.

The FPB has urged the Payments Council to phase out cheque payments slowly and not set a definite date for its abolition in order to minimise the effects on small businesses. Phil Orford, chief executive of the FPB, said: "Even in a world filled with electronic communications many small businesses still rely on payment by cheque. Holding back the planned phase-out until viable alternatives are in place would be the sensible approach."

For more information on this story go to:
http://www.fpb.org/news/2158/page/1/The_death_of_the_cheque:_celebrations_for_350th_anniversary_marred_by_plans_to_kill_off_cheque_payments.htm

 
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