In his weekly Forbes column, Ron Shevlin puts forward the suggestion that checking accounts as we know them today are dying; they have become “paycheck motels”, a temporary place for people’s money before they move it elsewhere; he says the successor to the checking account will have five core features: 1) universal payments (B2C, P2P, bill pay) capability, 2) rewards optimization, 3) account-to-account money movement, 4) receipt management and 5) value-added service provisioning; eventually Shevlin believes a big tech company will acquire a payroll processor like ADP and that will signal the beginning of the end for checking accounts; while it will likely take a decade or more new “autonomous finance” accounts will become the norm in the future. Forbes