There are likely to be less cheques going forward in the UK, one sector commentator has claimed.
Neil Munroe, external affairs director at Equifax, said that although some small businesses may continue to use this payment method, fewer retailers now expect them as they become less widespread - with some supermarkets deciding not to accept them at all.
However, he added: "There is still a need for them; what I think you tend to find is that cheques get used more and more, not necessarily by individuals, but will probably continue to be used by small businesses."
Mr Munroe continued that when organisations decide that they will no longer accept cheques, it was "obviously" going to reduce the number of people opting to pay in this way.
The APACs quarterly statistical release for November 2008 revealed that during the third quarter of 2008 there were 1.9 billion debit and credit card purchases made in the UK totaling £93.7 billion.
Unsecured loans:- JST Financial, Unsecured, Personal loan Specialists catering for good and adverse credit for tenants and homeowners