Central Banking

UK abandons plan to end cheque use


The Payments Council on Tuesday announced that cheques will continue "for as long as customers need them", and the target for possible closure of the cheque clearing system in 2018 has been cancelled.

The Payments Council Board added that it "will continue to focus on security, efficiency and encouraging innovation in all types of payments to ensure customers have options best suited to the 21st century".

Immense public pressure led to the demise of the plans, which were first announced in

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