Consumers use credit cards debit cards to pay expenses
Remember cash, it’s plastic or nothing for 28 years Atlantan.”I do not know even a portfolio, like most people have a portfolio,” said Cocchi, an office manager. “It is one thing, just feels cards.”
Grocery purchases go to their Kroger card, dressing their Macy’s free and almost everything else, it is their bank or debit card, occasionally, Amex.
From the early morning, their cup of coffee on a prepaid Starbucks card.
“It makes more sense to me, not all that money,” said Cocchi, whose pilgrimages to the ATM are now rare.
Credit and debit cards are firmly entrenched in the U.S. portfolio. Who needs money, if you can buy clothes in Gap gift cards or petrol on a map of Exxon Mobil, or sign up for a cruise Card, the whiz through tolls for Ga. 400 ?
Check Books can also be fossils. Deductions automatic or via the Internet, now are responsible to pay around the house to observe, gas bills or tuition. Also called unbanked consumers - people can not or does not have the traditional current accounts - have options, such as prepaid debit cards that work like any other debit card.
Some technology companies now developing payment systems that ultimately people cash, cards and even checks as a whole. Forecasts of technocrats that all financial information is stored in a central database for consumers on accounts with fingerprint, iris or DNA analysis technology.