enthalpy

enthalpy

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The truth shall set you free, but first it's going to piss you off

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Wednesday, December 08, 2004

Posted 12/08/2004 05:25:00 PM by Douglas

Here's a news flash: Writing checks sucks.

Electronic payment transactions totaled 44.5 billion last year, and in the process eclipsed paper checks.

The Federal Reserve supplied the data and said the lofty number easily outpaced the 36.7 billion checks paid in 2003.

The Fed's Richard Oliver said Tuesday this is not a one-time phenomenon. "The balance has shifted from check writing,'' he said.

A senior vice president of the Federal Reserve Bank in Atlanta, Oliver said, "And we expect this trend to continue."

I wrote ONE check this year. It was for the tags for my car. The county tax assessor doesn't have debit/credit card options, but they're the government; what do they care about efficiency. Everyone else is concerned with saving money and conducting business in the most efficient manner possible. As I've ranted about before, checks are the product of an era before telephones for crissake. It's time they went the way of the dodo.

And I still contend that if you use a check in the express lane, you need to be beaten.

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