2014 promises to be a watershed year for Irish payments. Most obviously, a Single Euro Payments Area (SEPA) will finally become a reality, and paying a supplier in Munich will become as easy as paying one in Mullingar. However the planning for SEPA has exposed significant weaknesses in Irish payments. In particular, cheque usage remains […]
From September 19th 2014, all Central Government, local authorities and State agencies will no longer issue or accept cheque payments. If you are now in a position whereby, the payments to government and its agencies are currently made by cheque the implications are not only that this payment mechanic will be taken away but also the associated credit timelines that you had against these types of payments are also removed.