The Check: Still Thriving After All These Years.

From: Credit Union Journal | Date: September 29, 2003 | Copyright information

Have you seen the headlines?

* "Check use plummeting"

* "Check may not be in the mail"

* "Check writing seen as thing of the past"

There have been many stories about the demise of the check since the Federal Reserve released findings of its study of the payments system in 2001, then revised it last year. The study revealed checks have declined from about 85 percent of non-cash payments in 1979 (the year of the last study) to about 60 percent today.

Behind the headlines

Certainly, electronic payment forms - including e-payments, debit and credit cards, ...

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