E-Pay’s Sticking a PIN in PaperBank Technology News | March 2009 - By John Adams
It’s too early to dig a grave for paper money, but new research from BAI and Hitachi Consulting suggest cash is increasingly loosing out to automated payment modes like PIN and SIG debit.
The joint “2008 Study of Consumer Payment Preferences” shows PIN and SIG debit account for 37 percent of consumer payments, with cash coming in at 29 percent.
And PIN debit wins out over SIG debit by a 45 percent to 35 percent count.
Continue Reading at BTN
For more information on the "2008 Study of Consumer Payment Preference and how not only debit, but specifically PIN Debit rules the land, read the PIN Payments Blog coverage at:
Debit is King...Replaces Cash on Throne
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