The news that the Payments Council has voted to end cheque clearing in 2018 led to considerable media comment and speculation about future payment technologies. Dave Birch of Consult Hyperion was invited on to a couple of BBC television shows to discuss the issues. On the BBC's Breakfast show, Dave pointed out that most people already prefer to pay with debit cards and that few people absolutely rely on cheaues.
On the BBC's Working Lunch programme, Dave explained that the technology most likely to replace cheaues for the general public is already with us: the mobile phone.
People may be very conservative about money, and therefore concerned about the demise of the cheaue, but at Consult Hyperion we have been working on person-to-person payment technologies for customers around the world and have already helped to develop highly successful systems, such as M-PESA in Kenya.
The Digital Money Reader 2008, ed. David Birch
The Digital Identity Reader 2007, ed Jane Adams and David Birch
Digital Identity Management: Technological, Business and Social Implications, by David Birch
Comments