Earlier this week we linked to a story that rather unequivocally called for the elimination of checks
(“Kill the Check!” Says electronic payment advocate…”).
In the interest of equal time, here’s a pretty fantastic visual prepared by First Data that tells the other side of the story: Checks? We love em!
Of particular note to our space: Checks have gone virtually 100% electronic, so even paper transactions end up digitized by the consumer (via a handy iPhone/Android app), a bank kiosk, or onsite branch scanners.
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