Belfast Telegraph

No plans to bring back axed cheque card scheme

By Vicky Shaw

Cheque guarantee cards will not be reintroduced, the body which oversees payments said, after concluding the scheme's closure has had a "minimal impact" on consumers and businesses.

The Payments Council, whose members include Britain's biggest banks, abandoned the cards in late June due to declining use before reneging on plans to end the use of cheques altogether.

The body has come under pressure to reintroduce the scheme, and had promised to look again at the business case for closure if this was backed up by research into the scale of the impact.

But the independent research found cheques are broadly continuing to be used as they were before the guarantee scheme closed.

The Payments Council plans a campaign aimed at older people to reassure them cheques will stay.

It plans to raise awareness of the availability of the 'chip and signature' scheme for those who are unable to use a pin, a scheme which the council said was only currently being used in "small numbers".