Search

… the next four years, the U.K. will go through a major period of structural change in payments infrastructure. In …

… that Canadian businesses still use credit cards, cash and cheques as top payment methods. The trio discusses how we … hold times are an issue for those payments, but the record retention, record keeping requirements I think are sometimes … would be able to track that for that very issue of records retention requirements for CRA purposes etc. That, I think, …

… cards, like driver’s licenses, are easy to clone and copy. Generally, we have a weak system of identity. So, how …

… volume and value each grew by 13% year-over year Cash and cheques declined nine per cent and six per cent respectively … to decline, a trend that accelerated during the pandemic. Cheques account for a small fraction of the total payment … between January and March were double that for the same period in 2020 and grew by five per cent in volume …

… seems willing to change with a majority ready to drop cheques altogether and half willing to do the same with … asked, 66 per cent of respondents are willing to let go of cheques and 50 per cent cash. Of the only 13 per cent of … month, spending a total sum of $220. They also write three cheques a month worth a total value of $245. Only 19% of the …

… but also support financial system resiliency, especially in periods of stress, through faster settlement times and … debits, direct deposits, bill payments, wire payments and cheques. About the Bank of Canada The Bank of Canada is the …