Sunday, June 6, 2010

Future Predictions, Take 2

Number Two:  The Check. Britain is already laying the groundwork to do away with checks by 2018. It costs the financial system billions of dollars a year to process checks. Plastic cards and online transactions will lead to the eventual demise of the check. This plays right into the death of the post office. If you never paid your bills by mail and never received them by mail, the post office would absolutely go out of business.

**I don't pay my bills by mail.  It's all done electronically.  And I'm slowly but surely getting all my bills electonically.  However, I still like to use checks at my local mom-and-pop establishments, to save them the percentage charged them by the credit card companies.**

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