Looking forward to metal cheques being the new sign of a premium account
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Would the lack of a [MasterCard] payment network also affect the ability for banks to validate domestic ATM transactions using a MasterCard issued card?
If the answer’s no then this entire scenario would be less of a concern 
Most of them are pretty generic these days. NatWest don’t even print the covers in colour any more.
edit: might start a cheque book design thread when I get home
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At a guess, verifying your ID in branch by chip and pin might not require a payment network.
Withdrawing from an ATM may do so, but I’m sure there’s some kind of magic they can pull as with NatWest get cash, or Barclays branch machines that use online banking as such to withdraw.
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Blankety Blank chequebook and pen?
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Yes, please. 
(Maybe include all banks stationery cos I’m nuts about stationery).
Literally hours after I joked about chequebooks collection, I needed the cheque book to pay for a public service and it was NO WHERE TO BE FOUND. 
Oh well, looks like I’m gonna need to order a replacement, plus all the ones for the new accounts I’ve just opened. 
This is maybe one for the chequebook thread when someone starts it, but I’ve not written a cheque since 2020, when our milkman started accepting PayPal.
The chequebook, however, still lives on the kitchen noticeboard, and has kept that position even through a house move.
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I believe last time I wrote a cheque was around 2010.
With Monzo’s presence in the US it’s going to be interesting to see how they position themselves in this crossfire.
Honestly if things got that bad, I’d be more concerned about the billions in pension funds and investments.
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cries in millennial 
I think I’m more likely to see conscription than my pension at this rate 
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Europe’s payment sovereignty depends on Pay by Bank - ETTPA
However, with a launch predicted for 2029 at the earliest, the European trade association of Third Party Providers (TPPs) has questioned whether focusing on a CBDC that costs billions of euros n taxpayer funding is the correct approach.
EU bureaucracy never fails. 
Anyway, as predicted, Pay by Bank will be a more solid future, as evidenced in Asia. Orange man’s madness truly is a blessing in disguise forcing Europe to act more precise and faster. Dropping CBDC also means it’s better for democracy. All is well.
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So, QR codes and faster payments? Sounds great to me; though I’d want it convenient, an NFC style set auth amount that connects and sends the money without needing to open my bank balance in a queue?
Of course the UK can’t sit still while EU’s taking several initiatives.
But wait
However, the UK is taking a less aggressive stance, with Visa and Mastercard working within the initiative.
Both companies are part of the new funders group, giving them a stake and a say alongside a large number of banks and payment companies including Santander UK, NatWest, Nationwide, Lloyds Banking Group, the ATM network body Link, and Coventry Building Society.
Isn’t allowing visa and Mastercard into the process like putting the fox into the henhouse?
I think creating a separate payment system is a good idea but it sounds like the UK will be a half baked setup.
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As bad as it is having to rely on American companies for payment processing, it’s super convenient having a card network that works in 95% of the world. I can count the countries that don’t support visa/mc with my fingers.
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It’s the ‘scheme’ for open banking payments
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