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… fake websites to phishing attacks to selling government cheques on the dark web. How can individuals stay protected …
… largely as a substitute for legacy payment methods such as cheques which entail a higher social cost from a processing … of direct credits and pre-authorized debits in displacing cheques in Canada over the past two decades. Payments … Indeed, roughly two-thirds of the nearly 900 million cheques written in Canada each year can be attributed to …
… 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 …
… their cash flow and improve productivity by compressing ordering and payment cycles More options with data-rich … that meet their cost and timing needs, reducing reliance on cheques and paper invoicing A predictable way to get paid …
… 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, …