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Yet decades after the "checkless society" was envisioned, most of the 18 billion bills that Americans pay every year follow a similar route.
Checkless chess: players are forbidden from giving check except to checkmate.
Banks like Citibank have introduced the checkless checking account, which comes only with a debit card.
In checkless chess however, the king is immune from most attacks, as long as checkmates are avoided.
Even with the acceptance of such new wrinkles in checking accounts, the banker's dream of a checkless society still remains far off.
Checkless chess by Hans Bodlaender.
In essence, Sigo cards create a checkless checking account, allowing bills to be paid over the Internet or by having companies deduct directly from the accounts.
Checkless Chess (or prohibition chess) is a chess variant where neither player is allowed to give a check, with the exception of checkmate.
"I was hearing about the coming of the checkless society more than 20 years ago," she said, noting that the Boston Fed now has a pilot program for recording the information on checks by computer and electronically forwarding the information.