3 ms·
Wouldn't this have been addressed by paper checks long before direct deposit came into play?
by xelamonster 2y ago
Wouldn't this have been addressed by paper checks long before direct deposit came into play?
- ajb 2y agoHmm, it's years since I properly thought about this anecdote Yes, in theory you could have done everything with checks. It didn't completely happen though, until after computerisation. In the UK, it turns out that employees had the right to receive pay in cash as late as 1986! And taking it away was controversial.So it may be that you are right that computerisation wasn't essential, but most likely the reduction in cost of banking spread it to enough people that armed robbery became less of a risk.
- deleted 2y ago[deleted]