MPs slam Payments Council's cheque abolition decision

MPs have slammed the Payments Council's decision in December 2009 to kill off cheques, and called on it to consider the reintroduction of the cheque guarantee cards.

The Treasury Select Committee's damning report was welcomed by consumer rights groups. The committee described the Payments Council as an "industry dominated body", which should no longer have the "unfettered power to decide the future of cheques or other payment methods that directly affect millions of people".