Sunday , October 20, 2019

Cash Still Popular for Low-Value Transactions and other Digital Transactions News briefs from 8/16/19

  • A CreditCards.com poll found that 49% of U.S. adults usually pay with cash for transactions of less than $10. Thirty-five percent use debit cards and 16% use credit cards. The survey canvassed more than 2,500 adults in July.
  • Eighty-two percent each of Generation X consumers and Baby Boomers buy in-store at least monthly, Blackhawk Network Holdings Inc. said, citing a February survey it commissioned of more than 10,000 U.S. adults.
  • The U.S. Department of Defense paid almost $1 billion in incorrect travel reimbursements to service members from 2016 to 2018, according to the Government Accountability Office.
  • The Chamber of Digital Commerce blockchain trade group published the second edition of its “Understanding Digital Tokens” series of reports.
  • Mercator Advisory Group released its “Payments, ATMs, and Prepaid: Cash Still Has Its Place” report on consumer shopping experiences.

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