FIA has made a strong submission in defence of cheques as a payment method, following moves from the financial services sector to phase out this important donation channel within two years. In our submission to the Australian Payments Council on the future of payment systems in Australia, we urged the banks and other financial services players to consult further or risk serious harm to charitable giving. Our concern about the proposed phasing out of cheques as a payment method is that it puts millions of dollars’ worth of donations at risk, especially from older Australians who are often the best donors and tend to favour cheques. Within the charitable giving…
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