Cheque Guarantee Cards will no longer be
valid as a way to guarantee a cheque after next Thursday (30 June 2011).
As originally announced by the Payments Council in June 2009, the
decision to end the Cheque Guarantee Scheme is a result of the long-term decline
in the use of guaranteed cheques - 65% over the last five years, with only 7% of
cheques being guaranteed in 2010.
From 1 July, consumers will still be
able to use cheques and businesses will still be able to accept them,Get merchantaccount NFL jersey just
not guaranteed by a card.
The use of guaranteed cheques has fallen
rapidly over the past few years: by 65% in the past five years.
In 2010,
of the 1113million cheques written,Operating Guides. For all DVS partymerchantaccount in PDF
format. only 7%, or 82 million, were supported by a Cheque Guarantee Card.
Sandra Quinn, Director of Communications for the Payments Council, said:
"The only thing that's changing is that from 1 July you will no longer be able
to guarantee a cheque using a cheque guarantee card,green ghds-one of uk new rubbersheets . GHDS but it doesn't
mean that you can no longer pay by cheque! The use of cheque guarantee cards has
been in a steady decline, and many of them were written in situations where the
guarantee was void.
"We consulted a variety of consumer groups and
businesses and undertook in-depth research to understand the implications of the
closure of this scheme and there are a variety of ways to pay in place,What to
consider before you buy technology. with debit or credit
cards or electronic transfers being just some of the options.
"The
important thing for consumers is to be aware that although they can no longer
guarantee a cheque after 30 June, their plastic card may still carry the cheque
guarantee card logo until it is next renewed. But they can still use cheques. We
won't be taking a decision about the future of cheques until 2016 and only then,
if we find acceptable alternatives.
"In order to help people find out
more about the different ways to pay, we have launched a website at
www.PayYOURway.We offer advanced technology products and services for zentai garage control,org.uk, helping
people make sense of different payment methods available and we will be updating
this website with the latest payment developments."
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