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The abolition of cheque guarantee cards is being reviewed and could lead to a return of the scheme. The system, which ensured that some cheques up to £50 or £100 were honoured, ended at the end of June. But the Payments Council, which oversees payments strategy, said it was looking at whether shops were less likely to accept cheques as a result. A Commons Treasury Committee said that there was a case for the scheme, or something similar, to be brought back....Read more here--> BBC News - Cheque guarantee cards
JULY 2011 Previous Blog: LINKY
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It said that its research showed that 88pc of guaranteed cheque users report that since scheme was closed in June that cheques continue to be accepted in all those places where they had used the guarantee. Only one in eight of those who had used a guaranteed cheque to pay a business in the past 12 months said that any of those businesses had decided to no longer accept a cheque.
Just over 40pc of consumers who had used their cheque guarantee card in the past 12 months were unaware that the Scheme had closed. This suggests that, either consumers were using the Scheme only on rare occasions, or that they have not experienced businesses refusing to accept cheques since closure of the Scheme, the Payments Council said. With regard to businesses only 1 in...Read more here--: Cheque guarantee card scheme 'will not return' - Telegraph