Cheques - going the way of the dodo?

A recent report shows that in 2004 internet banking transactions numbered more than personal cheque transactions in Australia. Is this the way of the future? If it is, over-the-counter post office transactions involving cheques may gradually decrease in volume, and Licensees may have to look for other products and services to fill the gap which will appear as internet and over-the-phone banking and billpay gain in popularity.