Providing means of payment for today and for the future

In recent years we have seen a dramatic transformation in the way in which people in this country use money. The textbooks tell us that money is ‘anything that is generally acceptable as a means of exchange’. For hundreds of years people thought of money as coins, and then notes and coins with the development of bank notes. During the twentieth century cheques became widely used as a means of payment and later plastic money in the form of credit and debit cards. In the…