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It’s 2018, So Why Are You Still Using Cheques?

It’s 2018, and technology has enhanced every aspect of our lives, from communication and transportation to entertainment and shopping. Isn’t it time your finances joined the modern age? Specifically, isn’t it time you moved away from cheques and started using electronic payments?   Cheques are expensive, inflexible, susceptible to financial…

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Cheques Rank Last For Satisfaction Among All Payment Methods, New Survey Shows

Cheques need to “cheque-out,” according to a new survey on payment methods. The PYMNTS Disbursement Satisfaction Index measures consumer satisfaction across payment methods. The report surveyed 2,528 consumers in Q2 2017 and examined disbursements in the form of cash, cheque, direct deposit, instant credit pushed to a card, and non-instant…

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The Real Cost Of Cheques To Canadian Businesses

Cheques are expensive, waste time, enable fraudsters, and limit the financial flexibility of its users. It’s time to switch to prepaid. HIDDEN AND DANGEROUS COSTS OF CHEQUES Cheque processing is expensive: Cheques cost between $2.00 and $3.85 more to process than electronic payments. Cheque fraud is a big problem: Cheque…

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