Not long ago, writing personal cheques was a regular way to pay for groceries and movie rentals. Today, not only would it be difficult to find a movie rental store, but it would be archaic to pull out a chequebook at the cashier and write out a cheque to pay for daily purchases.
Electronic payments have become a more widespread and acceptable form of payment. From telephone bill payments to online banking and now, mobile payments on the go, electronic payment transactions have become part of our daily life.