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… providing a quick and easy substitute for cash or cheques. Our survey data show that almost half of our sample … payment instruments (cash, debit card, credit card, and cheque), cash accounted for 16 per cent of the total monthly … preferences of the recipient. We see a similar story on the cheque side as well where 34 per cent of people from Quebec …

… are non-cash transactions, including e-transfers (27%), cheque (17%), credit card (19%), automated funds … cent say they would likely use digital payments (give up cheques and cash) if they could send and receive more … debits, direct deposits, bill payments, wire payments and cheques. Payments Canada is a proud supporter of the …

… of the solutions we have today, we often don’t consider the limitations of the existing payments infrastructures. If the …

… and across channels. It was felt that what we had was limiting the customer experience and we couldn’t continue to …

… cent reduction in cash use and a 19 per cent reduction in cheque use. There is also a need to support the increase in … in the event of an audit. One of the reasons businesses use cheques is because there is a paper trail that they can rely … this lack of detail. It’s because of this dependency that cheques remain a dominant payment method for small and …

… Report , Canadian businesses are writing fewer and fewer cheques while expanding the range of digital payment options … to their customers. In 2021 there were 546 million fewer cheque and paper items exchanged than in 2014, a decline of … only take traditional payment methods like cash and cheques, they run the risk of eliminating a group of …

… rich payments that meet cost and timing needs. Reliance on cheques is greatly diminished because the myriad of information businesses pull from cheques will now be in the payment message itself, along …

… that utilize Lynx for settlement purposes -- will certainly limit the capacity of any LSM to introduce efficiency for …