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… 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 …
… 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 …
… electronically at the same time rather than issuing cheques one by one. The payment type also allows for the use … faster settlement of invoices, the move away from paper and cheques and more uniform service across the country in all … electronic payments in Canada, reducing the reliance on cheques.” For more information on enhancements to automated …
… in cheque volume alone. In 2015, nearly one billion cheques were written in Canada. Though hard to quantify, the … debits, direct deposits, bill payments, wire payments and cheques. -30- For media inquiries, please visit the Media …
… 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 …