The death of Cheque

In 2009 the UK Payments Council, the organization that sets strategy for UK payments, announced that the old-fashioned check would be eliminated by 2018, but now seems to be changing his mind. Chairman Richard North now says the decision on whether to dismiss the check was delayed until 2016 at the earliest.

I'm not sure I miss it very much myself, because I do not write more than one or two checks a year these days, but his death is feared by some people, which highlights the elderly and charities. There are concerns that some seniors who have spent most of his life trusting in the checkbook to handle your finances, you can resort to using cash instead, is at risk of loss or theft your money. Charities are concerned that many of them depend on the realization that their main source of income from donors.

The check is a payment method based on paper that has existed for hundreds of years, although there seems to be some controversy as to its exact origin.

According to the company's web site check clearing and credit, has its roots in 13th century Venice, then an important center of international trade, the need to find a method of payment of large amounts of valuables without to resort to trading of large and cumbersome amounts of gold or silver. Wikipedia lists some older origins as an early form of control known as praescriptione used by the ancient Romans in the first century BC, and Adesh, a type of bill of exchange used in India during the Maurya period (321 to 185 BC).

The first control is written in the UK was published by Nicholas Vanacker over 350 years, instructing Mr. Morris and Clayton to pay £ 400 and Mr Deboo.

Famous are the users see Terry Wogan, whose infamous Blankety blank check book and pen was the point of view on British television in prime time throughout the 1980's. And who could forget the scene in 'Slumdog Millionaire', where Jamal gets the giant check for one million rupees in the Indian version of "Who Wants to Be a Millionaire?"

So is this the end for checking that we know and love it? Many small businesses are praying that is not the end, as they still receive checks for payment of most of their transactions.

In a recent home test session of Commons Special Committee Chairman Andrew Tyrie Treasury described the announcement as "colossal error of trial." David Ruffley Conservative MP accused the Council of Payments "incompetence range" on the subject. After receiving over 1,200 letters on the subject, the Treasury Committee has reopened its investigation into plans for the elimination of controls.