So, even if newer  1  Reserve Bank of Australia – “Payments Costs In Australia” (page 117). 2  Quoted in “Cheques Working Group Report” November 2006, Office of Fair Trading, UK. 3  Some of the studies have been quoted in the report “Target 2013: Modernising Payments in Ireland” prepared by National Irish Bank.
2  BIS central bankers’ speeches  electronic forms of payments are introduced, widespread adoption of such modes takes time.