Larry D. McNabb, chief executive officer of Primary Payment Systems Inc., is predicting a 25% reduction in check volume within three years.

Admittedly "aggressive," the projection is based on rapid growth of relatively new initiatives such as electronic bill payments, financial electronic data interchange, and conversions of checks to electronic debits at the retail point of sale.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.