The downfall of the check3 of 7The credit card wasn't exactly the force it is today in the early 1960s, but people knew it would change banking. That led to this claim about checking.In 1963, Dale L. Reistad, former director of automation and deputy manager of the American Bankers Association, told the association's first National Operations and Automation Conference that we would be a checkless society by 2000, according to Benton E. Gup's book "The Future of Banking."Checks might not be as popular as they once were, but they're still around. The Federal Reserve of Boston found in a 2008 survey of Consumer Payment Choice that 73.5 percent of consumers made bill payments using checks or money orders. Related Articles:Guard against bank failureBest savings interest rates2010 list of failed banksChecking account tipsRelated Links:137 banks failed in '09Deposits insured to $250k3 tips for personal bank loansMoney market lifeline advertisement
The credit card wasn't exactly the force it is today in the early 1960s, but people knew it would change banking. That led to this claim about checking.
In 1963, Dale L. Reistad, former director of automation and deputy manager of the American Bankers Association, told the association's first National Operations and Automation Conference that we would be a checkless society by 2000, according to Benton E. Gup's book "The Future of Banking."
Checks might not be as popular as they once were, but they're still around. The Federal Reserve of Boston found in a 2008 survey of Consumer Payment Choice that 73.5 percent of consumers made bill payments using checks or money orders.
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