The Payments Council yesterday (12 July 2011) announced the cancellation of the 2018 deadline for the abolition of cheques. This reprieve came after increased pressure from sectors representing the clubs, charities and other organisations which rely on cheques saw the instigation of a Commons Treasury Select Committee inquiry which questioned the proposal to abolish cheques by 2018 in June.
The Payments Council announced that cheques would continue for as long as customers need them and the target for the possible closure of cheque clearing in 2018 has been cancelled.
Richard North, the Chairman of the Payments Council said:
"It's in the DNA of the Payments Council to consult and listen to all those people who actually make payments and use cheques. Listening to over 600 stakeholder groups, working with the banks and following our appearance before the Treasury Select Committee, we have concluded we should reassure customers that the cheque is staying.
“Over the last two years we have learnt a great deal about what is important to our many stakeholders and we are really grateful to all of those groups and individuals who took the time to talk to us and help us reach this decision. We will use what we’ve learnt to keep improving existing systems, as well as introducing innovation, so that customers benefit from 21st century ways to pay. Innovation must be at the heart of what we do.”
Exploring how a traditional South Asian sport is building community, fostering inclusion, and shaping a more diverse and representative sporting landscape across the United Kingdom.
Read more
Each year on 12 August, International Youth Day shines a spotlight on the vital contributions young people make in building a better, more inclusive world. The 2025 theme, “Youth Advancing Multilateral Cooperation Through Technology and Partnerships”, underscores the creativity, leadership, and collaborative spirit that young people bring to addressing global challenges.
Read more
The Sport and Recreation Alliance has today published its new five-year strategy, titled ‘A United Voice for Sport and Recreation’.
Read more
Joining the Sport and Recreation Alliance is pretty simple, but worthwhile!
Register now
