Monday, May 25, 2009

Chequeing Out

APACS published the stats for how money was spent in 2008 in the UK. How as in by what method rather than how as in on what. I saw this linked to from Scott Loftesness' blog. His point was about the use of Google's Chart API (he's evidently the author of the piece); I wanted to wonder aloud whether the vast bulk of the 3% of payments made via cheque are made to the government. It turns out - check (cheque?) the original APACS source - that this data doesn't include payments to government. I'd like to speculate, though, that the percentage of payments made by cheque to government - whether local or central - is greater than 3% and that therein lies an opportunity to reduce costs (fees, handling and security) massively through incentivising payment by electronic means. Someone should build a central debit / credit card processing engine ...

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