British Retail Consortium says cash remains king

03/23/2009 | Scotsman (Edinburgh), The

The British Retail Consortium, which publishes its Cost of Collection survey today, says cash was used in more than half of all transactions in 2008. However, that figure is down from 60% the previous year. "Reports of the death of cash are greatly exaggerated," said Stephen Robertson, director general of the BRC. "Despite the impression created by some banks, it's the most popular way of paying and the cheapest for most retailers." The survey included 16,000 UK shops.

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Scotsman (Edinburgh), The

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