Cheque abolition 'devastating' for charities - AAD Consumer Forum

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5corpio started a blog post Cheque abolition 'devastating' for charities
6 May 2011, 16:38

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Cheque abolition 'devastating' for charities

Cheque abolition 'devastating' for charities

Originally posted by 5corpio

Cheque abolition 'devastating' for charities

Abolishing cheques could have "devastating consequences" for charities' income, according to a fundraising body.

The Institute of Fundraising has told MPs that typically more than 70% of charity donations are made by cheque.

The UK Payments Council is planning to phase out cheques by 2018, but only if viable alternatives are found.

It has said that the use of cheques is in "terminal decline" as consumers turn to more automated payments.

Letter campaign

The Treasury Committee studied the planned abolition of cheques a year ago.
However, following a flood of letters to MPs on the committee from those uneasy about new technology, it has decided to reopen the............Read more HERE

Previous News on Forum about Abolishing the Cheque: Click HERE
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1 comment
- #1
  
  5corpio commented
  
  12 July 2011, 14:24
  
  Editing a comment
  
  Cheques will not be axed
  
  Exclusive: the cheque has been saved, The Daily Telegraph can reveal.
  
  Read more about: Forum LINKY
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