Checks continue to dominate the market for noncash retail payments in the United States. Each year, U.S. residents … write between 65 billion and 70 billion checks, an average of one check per business day per resident. This dependence on … checks is unique among developed countries. It is also extremely costly: by switching from checks to other forms of payment …

Though checks' popularity is now waning in favor of electronic payments, checks were, for much of the twentieth century … payment between local merchants, checks became more versatile through the development of negotiability in sixteenth …-century Europe. The suppression of banknotes in eighteenth-century England further promoted the use of checks. In the United States …

Though checks' popularity is now waning in favor of electronic payments, checks were, for much of the twentieth century … payment between local merchants, checks became more versatile through the development of negotiability in sixteenth …-century Europe. The suppression of banknotes in eighteenth-century England further promoted the use of checks. In the United States …