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Target will no longer accept personal checks from shoppers as of July 15, another sign of how a once ubiquitous payment method is going the way of outmoded objects like floppy disks and the Rolodex.
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Cash-dispensing ATMs, debit cards, online banking and mobile payment systems like Venmo and Apple Pay mean many young adults may never have written a check. The number of payments made with checks declined to 14.5 billion with a value of nearly $26 trillion in 2018, a decrease of 3.6 billion and $3.39 trillion from 2015, according to a Federal ...
Whole Foods Market and the Aldi supermarket chain previously stopped taking checks from customers. Shoppers have pulled out checkbooks increasingly less often since the mid-1990s. Cash-dispensing ATMs, debit cards, online banking and mobile payment systems like Venmo and Apple Pay mean many young adults may never have written a check.
Target will soon stop accepting personal checks as a form of payment at checkout. In a statement to NBC News, the retail giant said it was committed to creating an easy and convenient checkout ...
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