There are numerous types of bank cheques. The first question that may come to one’s mind is: why? why the need for many different types of bank cheques? It is simply because the regular cheque (or order cheque) does not fit in all situations as we will see below. Some types of bank cheques were […]
After introducing the cheque (check in US english) in the previous article, the next question to explore is: how does cheque payment work? To answer this question, we will use one of the precious tools to analyze a mean of payment: the Four Corner Model. The diagram below shows the Four Corner Model for cheque […]
The cheque is still quite popular in some countries in the world. According to the latest statistics of the BIS (Bank of International Settlements), the five world’s biggest users of cheques are USA, France, Canada, UK and Australia. Even though the trend shows that the cheque usage is decreasing, the volumes remain significant in those […]