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1. Switching from cheques to electronic payments is easy and information on switching will be available from your bank

2. Most modern accountancy and payroll packages facilitate the making of electronic payments

3. Every cheque a business writes gives rise to a stamp duty charge of 50 cent before any postage, administration or banking costs

4. The costs associated with making electronic payments tend to be generally lower than cheques

5. Making electronic payments is easy and payments can be scheduled for future dates

6. Most online business banking systems support dual authorisation for payments

7. Accepting card payments offers many benefits. For more information click here

8. There are many costs associated with cash payments, such as processing, security, transport and bank charges