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February 13th, 2012 
FAKE NEWS for the Zionist agenda
By
Sean Poulter
Last updated at 2:24 AM on 13th February 2012
The practice of paying by cheque might not be on the way out after all – as long as you have a digital pen and computer.
An electronic cheque developed by British academics offers the convenience of the traditional system, while eliminating much of the processing and transport costs involved which so irritate banks and retailers.
The paper tech-cheque book looks and works much the same as the one used for generations.
The electronic cheques are signed with a special pen
However, each cheque is written with a special pen which has a tiny camera to record any strokes made against millions of tiny dots printed on the surface.
The user then hands it over, and fills in the stub for their own records. When they return home, the pen sends the details via a wireless link to their bank.
And as the cheques and digital pen work only with the customer’s own secure computer hub, they are said to be of no use to a thief.Researcher Dr John Vines said the tech-cheque was developed in partnership with a group of people aged over 80.
‘The beauty is that it is a safe and cheap electronic transaction for banks, but it’s a physical paper-based transaction for the customer,’ he added.
The research from York, Newcastle and Northumbria universities will be presented today at the Computer Supported Co-operative Work conference in Seattle in the U.S.
Talks can then be held to see if banks would be interested.
Currently, a digital pen costs £80 but this is expected to fall sharply.
Michelle Mitchell, of Age UK, said: ‘Hopefully banks will invest in this kind of innovative design which preserves what many people find invaluable about cheques.’
Cheque use has been falling since 1990, but 3.5million are still written every day.
Banks wanted to phase it out by October 2019, but were forced into a U-turn after pressure from customers and MPs.
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I don’t understand why this method of payment still exists. It’s outdated and costly and should be abolished. Internet banking, chip and pin were invented to make banking more secure and convenient. Is there a reason why the UK is still behind the times ?
– reader, EU, 13/2/2012 2:43—– Don`t despair at all the red arrows you are receiving. Even if you are not `on the net` you can still use telephone banking? Except the red arrowers probably prefer morse code or semaphore. The have horse carriages instead of cars and vist the Med on sailing ships rather then flying – if they do have to fly they think that turboprops are much much better than these new fangled jet thingies! It is called progress. What is supremely ironic is they use the computer technology they object to to register their anger at your comments? There again they could send rthem by carrier pidgeon?
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I do not think I have used a cheque for about 5/10years! – Basildon Bob, Pitsea, 13/2/2012 08:37- – Then your not lucky enough to have nephews and nieces, and the like, who you like to send money too
– JT, Devon, England, 13/2/2012 9:33— I am afraid that you make the wrong assumptions JT. I used to send a nice crisp £10 note with each birthday card sent by Registered Post! Now I just transfer the money to their Mum Dad`s accounts and they put the `tenner` with the cards on the doormat. Send them a cheque and they pay it into their own accounts where they have to wait 3days+ for the cheque to clear? That is being a bit cruel if you ask me. If they have their own bank accounts just transfer the money to them direct. Who do you make the cheques payable to I wonder? The recipient of the funds or their mums and dads? Where the `kids` are old enough to have their own accounts the card arrives on the doormat I send an e-mail `Uncle has put £10 in your a/c Happy Birthday`.
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Well as long as it does not mean installing any “special non-standard equipment” or special banking software onto the computer then it may be of use.
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The insistence of perpetuating this out of date technology bewilders me. Yes, we need a solution for older people – that solution is quite simple, get them to use a bank account with a card, or use cash.
What ‘gap’ is the cheque filling at the moment, realistically? I’ve only ever heard it being mentioned for mail order stuff and for older generations. Both can be handled with other payment methods, and if they can’t handle a card, then should they really be unsupervised out and about shopping?
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I do not think I have used a cheque for about 5/10years!
– Basildon Bob, Pitsea, 13/2/2012 08:37-
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Then your not lucky enough to have nephews and nieces, and the like, who you like to send money too
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No,no,no,no,no! When are the smart alecs who thought this one up going to get it into their heads that there will always be occasions when writing a normal, traditional cheque with a normal traditional pen is the only option? With so few being written nowadays the extra cost could easily be funded by diverting all the fat cat bonuses.
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– Gareth Price, Manchester, 13/2/2012 04:49
……………………… NAIL…..HEAD…..ON…… thank you.
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The problem is that the people who really need to use cheques are tha same people who don’t have a computer –
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Hi Mary your “This is such old news it’s almost prehistoric. In other news, the Mary Rose has sunk and King Tut has died.” saddens me. I didn’t know King Tut sailed on the Mary Rose. Ah well… I must be thick. :- D
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My local plumber does not accept credit cards. Last time he did a bit of work for me I sat at my computer and did a `faster payment` direct into his bank account. Five minutes later he called his bank and the money was in his account. His reaction was that he would be asking all his customers to pay in a similar way because it avoided 3 days `in the clearing` – the need for cheque guarantee cards and bounced cheques. I KNOW that many people do not have computers BUT all banks now have telephone banking? I could just as easily phoned (my bank) “Lloyds TSB Phonebank” and asked them to make the payment. Mind you for small jobs my plumber is more than happy to give his pensioner customers a lift into the local `high street` so they can draw cash if need be. I do not think I have used a cheque for about 5/10years!
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