What's the future of checks in the financial industry? With the recent technology of mobile banking, where anyone can use a cell phone to make financial transactions or the growth of electronic payments using credit and debit cards, can you expect the use of checks to remain a reliable payment option ?
For me, the use of checks be it personal or business will remain an alternative for payment because of the impact they've had on the history of the business world. They are the oldest form of payment other than cash, and checks continue to be one of the most reliable ways to pay. History speaks that the Ancient Roman Empire were the first to use what could be considered as paper check. It happened around the first century B.C. This allowed merchants and travelers the ability to transfer large sums of money without carrying gold and silver coins with them.
These days, ordering checks will continue to grow. Nowadays their are lots of printing companies where you can ordering checks or order cheap personal checks online. Some even offer discounts and free shipping for bulk orders. Some sites allows you to buy checks, upload your own images for customized looks. I believed checks would still exist in the future decades.
Labels: Blogging, Money