Central Banking

Cheques secure place in Australian payments system


The Australian Payments Clearing Association (APCA) released its final report on the role of cheques in the country, after a lengthy consultation process, on May 15.

Titled The Decline of Cheques: Building a Bridge to the Digital Economy, the report summarises the outcomes of the consultation, which began in June 2011, and includes a series of recommendations and commitments.

Introducing the report, Russ Rechner, chairman of the APCA, revealed that 89 written submissions, 124 emails and numerous

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