"Extreme worry" caused by plans to abolish cheques!
"The Salvation Army were the first to flag the depth of their concern to us: 89% of their donor appeal income comes through cheques"PROPOSALS TO ABOLISH CHEQUES cheques by 2018, have caused "extreme worry" from significant proportions of the Voluntary and Community Sector according to a survey conducted by Civil Society Magazine and nfpSynergy.
In an online survey which garnered more than 640 responses, two out of five charity respondents rated their concern level about cheque abolition as ten-out-of-ten. A further third ranked their concern at the impact on their revenues as either eight or nine-out-of-ten.
Civil Society reports that at present, 40 per cent of charities say they earn between 80 and 100 per cent of their income from appeals from existing donors via cheque and a third get at least 90 per cent of their major donor income paid in by cheque.
Read more about this at Civil Society - Fundraiding News.
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The Payments Council has announced today that "cheques will continue for as long as customers need them" see http://www.paymentscouncil.org.uk/media_centre/press_releases/-/page/1575/
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