Comments on: It would be great to have a payments strategy http://tomorrowstransactions.com/2012/10/not-strategic-and-not-a-consultation/ Thought leadership from Consult Hyperion Thu, 27 Feb 2014 22:21:56 +0000 hourly 1 http://wordpress.org/?v=3.8.1 By: Mark Crosshttp://tomorrowstransactions.com/2012/10/not-strategic-and-not-a-consultation/#comment-288 Thu, 11 Oct 2012 11:53:14 +0000 http://ec2-54-201-142-57.us-west-2.compute.amazonaws.com/2012/10/not-strategic-and-not-a-consultation/#comment-288 Hi David,

A retired corporate accountant (FTSE 500) once told me an interesting story of how cheques were passed from person to person during these strikes. Essentially if a cheque isn’t crossed, you can endorse it to the next payee. At the end of the strikes the cheques were honoured – he told me.

I think that effectively out lawing the ability for bank employees to strike, would be a retrograde democratic step. However permitting individuals to write a cheque on their bank account, which is not crossed provides an interesting old fashion prospective on a world obsessed with speed and haste.

http://en.wikipedia.org/wiki/Irish_bank_strikes_1966–1976

Personally I think there is a big link between the “principle” of the uncrossed cheque and freedom?

Cheers Mark

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