Cash payments to dwindle in next five years

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Cash payments to dwindle in next five years

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04-14-2010, 09:38 AM

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Cash payments to dwindle in next five years

The UK Payments Council has revealed that by 2015, cash payments will be used for fewer than half of all transactions. A 23-page report titled ‘The Way We Pay 2010’ by the Council found that card payments and cheque usage is rapidly declining, claiming “cash is king no more”. The report found that more than three-quarters of [...]

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