Isn increased use of the Internet bad news for the check industry? Wouldn the Internet increase electronic payment methods and decrease check use?
Actually the opposite is true. Check manufacturers and distributors use technology like the Internet to amplify the consumer benefits of checks and respond to customer needs. They have carefully integrated technology into their business models to ensure that checks remain pro-consumer. For example, the Internet is now the fastest growing order channel for checks. The Internet is also continuing to make checks more convenient for consumers and businesses. For example, digital imaging technology is speeding check delivery to customers through “snapshots” of cleared checks now available to many customers through online banking programs.
