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… approximately five per cent each year. While the volume of cheques written continues to decline, the value of those cheques is growing slightly. There were 20 per cent fewer cheques written in 2014 than in 2011, but the value of …
… Transfers (EFT) more frequently and reducing their use of cheques. Wider adoption of electronic payments by businesses … in cheque use since 2014. There were 282 million fewer cheques written in 2017 than in 2012 in favour of EFT, credit cards and online transfers. Still, remaining cheques are being written for increasingly higher amounts, …
… other elements of the BEA, such as provisions for "crossed cheques", which may interfere with the legibility of cheque …
… to see a widespread shift away from paper-based payments, cheques and cash, as Canadians increasingly demonstrate … representing 23 per cent of total payments volume. Cheques and paper-based payments continued to play a … and values continued to decline, while average value of cheques increased; consumer cheques declined by about 12 per …
… $4.5 billion over five years simply from the elimination of cheques. In 2014, nearly one billion cheques were written in Canada. Many businesses still use cheques because of the information (e.g. invoices) that can …
… Transfers (EFT) more frequently and reducing their use of cheques. Wider adoption of electronic payments by businesses … in cheque use since 2014. There were 282 million fewer cheques written in 2017 than in 2012 in favour of EFT, credit cards and online transfers. Still, remaining cheques are being written for increasingly higher amounts, …
… to decline slightly but the total average value of cheques remains on an upward trend. Fewer cheques are being written but for increasingly higher amounts. In 2016, the 798 million cheques written totalled almost $4 trillion. The CPMT report …
… also marked the near completion of migrating from paper cheques to the use of electronic cheques, with 70 per cent of cheques exchanged electronically as images. “We are at a …