26 July 2011
The Charity Commission for Northern Ireland has welcomed the news that plans to phase out cheques as a form of payment have been dropped.
The UK Payments Council had previously consulted on the possibility of closing cheque clearing systems by 2018. In welcoming the decision to retain cheques, the Commission points to the Institute of Fundraising's calculation that 70% of charity donations are made by cheque.
Charity Commission for Northern Ireland Chief Executive Frances McCandless supported the plans,
"The decision to retain cheques as a form of payment is well grounded. Cheques remain an important means by which the public can support the good work of charities in an accountable and accesible manner"
Notes to Editor:
1. The Charity Commission for Northern Ireland is the new independent regulator established under the Charities Act (Northern Ireland) 2008.
2. The Institue of Fundraising's evidence to the Treasury Select Committee can be viewed by clicking here
Please contact Sinead Glackin, CCNI Communications Officer, on 02890515492 or 07827338978 for further information.