"We filled the vacancy the next day"
Chip and pin 'has lead to cheque guarantee card decline'
New retail recruits are less likely to come into contact with cheque guarantee cards in the future, according to recent research.
Use of the approval system has fallen by 70 per cent over the past five years, a stakeholder review by the Payments Council found.
Of the 1,400 cheque transactions that took place in Britain last year, 95 million – around seven per cent – were supported by the piece of plastic.
The growth of chip and pin technology means people are increasingly spending using their credit or debit card, the organisation explained.
A spokesperson for the body commented: "The decline of cheques seems to be consumer-led. People are using their cards. If hardly anyone is using the cheque guarantee scheme it seems a bit pointless to keep it open."
The use of cheques as a whole could fall by an estimated 50 per cent by 2011, the representative added.
Her remarks follow a recent study by Apacs, the UK payments association, which stated 66 per cent of all retail spending in the UK was completed using cards in 2008.
Use of the approval system has fallen by 70 per cent over the past five years, a stakeholder review by the Payments Council found.
Of the 1,400 cheque transactions that took place in Britain last year, 95 million – around seven per cent – were supported by the piece of plastic.
The growth of chip and pin technology means people are increasingly spending using their credit or debit card, the organisation explained.
A spokesperson for the body commented: "The decline of cheques seems to be consumer-led. People are using their cards. If hardly anyone is using the cheque guarantee scheme it seems a bit pointless to keep it open."
The use of cheques as a whole could fall by an estimated 50 per cent by 2011, the representative added.
Her remarks follow a recent study by Apacs, the UK payments association, which stated 66 per cent of all retail spending in the UK was completed using cards in 2008.