Wednesday, May 25, 2016

When it comes to payments, cash and cards still reign supreme

When it comes to payments, cash and cards still reign supreme. But one digital alternative is not far behind.

Those are among the key findings of a new study, “How America Pays,” by Blackhawk Network, that surveyed more than 1,000 Americans in March 2016 to examine preferences for traditional and emerging payments tools and the role payments play in consumers’ purchasing decisions.

The survey, now in its second year, found that while cash is still king, it is starting to decline slightly. Eighty-seven percent of Americans reported using cash to pay in the last year, down from 93% the year before. Sixty-nine percent used credit cards, up one percentage point from last year....

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