October 29, 2012

Plastic is winning the fight as preferred form of payment

If you're paying bills at the University of Kentucky, chances are you're no longer using a conventional paper check. Bank customers are saying a lingering farewell to their paper checkbooks and choosing electronic forms of payment, whether debit and credit cards or online withdrawals. They no longer get back a monthly packet of canceled checks along with their paper statements, which many view online. Great Britain already has set a sunset date for the use of paper checks: By 2018, consumers there will use other forms of payment exclusively.

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