Anyone have an explanation why that is so? I mean it is one thing to blame the banks, but new banks could start with better technology usage. Customers don't want it? Companies billing people don't want it?
It seems like there is some kind of startup idea here. I don't know which. I just know I'd hate to handle cheques as a business owner, or myself mail in cheques using postal services, or stand in line at a bank to pay my bills.
I have a theory that government-owned banks had the "market share" for their system that it was worth it for private companies to implement that system. While in a more privatized bank system it is not worth to implement a system from one bank that only a fraction of your customers have access to.
It seems like there is some kind of startup idea here. I don't know which. I just know I'd hate to handle cheques as a business owner, or myself mail in cheques using postal services, or stand in line at a bank to pay my bills.
I have a theory that government-owned banks had the "market share" for their system that it was worth it for private companies to implement that system. While in a more privatized bank system it is not worth to implement a system from one bank that only a fraction of your customers have access to.