Final PR Push As E-Day Approaches
With e-Day landing in just over a fortnight, a nationwide campaign has been launched to persuade businesses to switch to electronic payments.
From September 19 – 'e-Day' – government departments, local authorities and state agencies will no longer use cheques in their dealings with businesses.
The idea is to encourage SMEs to migrate from cheque usage to e-payments, so reducing costs and improving cashflow for the business sector.
The National Payments Plan (NPP), a three-year initiative overseen by the Central Bank to help direct the conversion, has joined with the Department of Finance today (September 3) in a bid to remind SMEs of the e-Day deadline.
A nationwide campaign, entitled 'Join the Evolution', has also been launched, and in order to help businesses meet the e-Day requirements, the NPP also set up the website www.jointheevolution.ie, offering a to-the-point summary of the impending switchover.
Patricia Callan, director of the Small Firms Association; Minister of State at the Department of Finance Simon Harris TD; and Ronnie O'Toole, programme manager of the National Payments Plan
According to Ronnie O'Toole, programme manager for the NPP: “Although Irish businesses are already migrating away from cheques and towards e-payments, we are still one of the most cheque-intensive countries in Europe.
“E-Day will help Ireland continue its progression towards e-payments, and create a quicker, safer and less expensive payments environment.”
A recent cheque survey by the Central Bank shows that cheque volumes continue to decline in Ireland, with total cheques issued projected to be 61 million in 2014, down from 69 million in 2013, and from 132 million in 2005.
Business cheque usage is reducing faster than consumer usage, and this trend is expected to accelerate in the wake of e-Day. (September 2014)