The Great British Cheque Report - Cheque and Credit Clearing ...
The Great British Cheque Report - Cheque and Credit Clearing ...
The Great British Cheque Report - Cheque and Credit Clearing ...
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Household bills<strong>Cheque</strong>s have remained fairly popular for bill payments but heretoo they are in decline. Automated payments like the Direct Debit– introduced in the late 1960s – <strong>and</strong> st<strong>and</strong>ing orders areincreasingly the payment method of choice because of theirease <strong>and</strong> security. Many companies issuing regular householdbills have contributed to the rise in popularity by offeringdiscounts <strong>and</strong> incentives to customers choosing Direct Debits.% regular bill payments made by2002 2007 2012*Cash 27% 17% 12%<strong>Cheque</strong> 7% 4% 3%St<strong>and</strong>ing order/Direct Debit 61% 73% 78%Debit/credit card 2% 3% 4%Remote banking 1% 1% 2%Other 2% 2% 1%(credit card bills excluded)* Forecast20<strong>The</strong> <strong>Great</strong> <strong>British</strong> <strong>Cheque</strong> <strong>Report</strong>
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