The nation’s largest check printers are reevaluating the way they do business because they predict that online banking is going to take off in the near future. About 60 billion checks are written annually in the United States and, according to check printer Deluxe Corporation, the numbers will decline in the next century. Company officials say they are in the process of closing plants and cutting staff to begin focusing on other ventures.
Predictor: Check Printers
Prediction, in context:In a 1995 article for CNET News.com, Rose Aguilar reports on an industry that will be altered in a new Internet-based economy. Aguilar writes:”The nation’s largest check printers are reevaluating the way they do business because they predict that online banking is going to take off in the near future. About 60 billion checks are written annually in the United States and, according to check printer Deluxe Corporation, the numbers will decline in the next century. Company officials say they are in the process of closing plants and cutting staff to begin focusing on other ventures.”
Date of prediction: January 1, 1995
Topic of prediction: Economic structures
Subtopic: General
Name of publication: CNET News.com
Title, headline, chapter name: Check Printers Fear Online Banking
Quote Type: Paraphrase
Page number or URL of document at time of study:
http://news.com.com/2100-1023-200892.html
This data was logged into the Elon/Pew Predictions Database by: Anderson, Janna Quitney