Business Services Industry
E-check Concept Gets Biggest Test as Wal-Mart Begins Trial.
Knight Ridder/Tribune Business News, September, 2001
By Maria Halkias, The Dallas Morning News Knight Ridder/Tribune Business News
Sep. 16--There are lots of ways to move money around these days including bank debit and credit cards, electronic transfers, e-banking, automatic direct deposits and withdrawals and pre-paid cards.
None have made personal check writing history yet.
Consumers still pull out their checkbooks for about one-third of all retail spending. Checks remain second only to cash as the most popular method of payment at retail, according to TeleCheck Services Inc.
But those 2 3/4 by 6-inch pieces of paper that come in standard bank blue, or personalized with anything from flowers to flotillas, are beginning to get slightly different treatment.
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