Target no longer accepting personal checks for payment

Published on

CALIFORNIA – Target is no longer accepting personal checks for in-store payments. The no check policy took effect July 15.

The Associated Press confirmed the policy with the retailer. They cited “extremely low volume” of customers who still write checks.

Digital payments on the rise

According to the Federal Reserve Bank of Atlanta, consumers used checks for 7% of transactions overall in 2017 and 2018. They wrote about three checks a month.

In comparison, digital wallets and mobile payment apps like Apple Pay have grown in popularity.

Data shows that the total transaction value in the digital payments market is projected to reach US $11.55 trillion this year.

Blockchain and AI will drive digital payment market

While the use of checks has declined with the rise of digital payments, several stores and businesses still accept them including Walmart, Costco, Home Depot, CVS and Walgreens.

Meanwhile, analysts say there are a rising number of partnerships and collaborations among payment service providers. 

That along with the implementation of advanced technologies such as blockchain and artificial intelligence is expected to drive the digital payment market growth in the coming years.

RELATED: 11 bank branches closing soon in California – 80 closures so far in 2024

spot_img

Latest articles

Aclima’s vehicles begin mapping air pollution in 64 underserved California communities

  CALIFORNIA – Acclima announced June 30 that its vehicles are now collecting block-by-block air...

Caltrans awards San Bernardino County $700,000 to boost biking, walking and transit options on state highways

SAN BERNARDINO COUNTY – Caltrans announced July 1, that it awarded $26.5 million in...

Free ride reimbursement in SoCal for July 4th

VICTORVILLE – Walter Clark Legal Group is sponsoring its Safe Ride Home Program during...

Two San Bernardino County men arrested and charged for violently stalking victims

CALIFORNIA – The Federal Bureau of Investigation (FBI) announced that two San Bernardino County...

More like this

Logistics provider expands network with new fulfillment center in SoCal

CALIFORNIA –  Kase, a third-party logistics (3PL) provider, announced June 25, the opening of...

Over 50 environmental and public interest groups oppose CA oil refiner bailout

CALIFORNIA – Consumer Watchdog announced June 27, that 51 public interest and environmental groups...

California-based apparel company buys $17.08 Million building in Phoenix to relocate headquarters

CALIFORNIA – Kellwood, a California-based apparel company, recently purchased a 19-story office tower located...