Have you ever seen a penny on the side of a road and took your time to pick it up? Many people see pennies every day but don’t pick it up. This is because the penny’s value has gone done a lot over the years. Since technology have developed so much and more digital transactions than physical making the penny almost non-existent.…
Ever since 1690, when the first paper money was issued by the Massachusetts Bay Colony, paper money has been constantly changing. Throughout the history of the United States paper money, the United States has gone through different types of currency. The different types of currency ranged from State Bank Notes to Gold Certificates to National Bank Notes to Silver Certificates to Federal Reserve Bank Notes, and now ending with Federal Reserve Notes. However, in the mean time counterfeit money had been gaining circulation and “thirty-six percent of the dollar value of known counterfeit currency passed in the U.S. was produced overseas, particularly in Colombia, Italy, Hong Kong, the Philippines and Bangkok” (Fun Facts About Money). In result, over a hundred domestic and eighteen foreign counterfeit operations were terminated in 1990.…
According to the "Cash or Card?" consumer survey, card is the obvious winner. Only 14% of consumers use cash for everyday purchases anymore, 6% use another form of payment such as check, and a whopping 80% use their debit card. In fact, 18-24 year olds have completely deserted the medium of cash with 100% of them using their debit cards for everyday purchases.…
The author provided many facts that can be researched and proven about the use of credit, debit, and prepaid cards. Facts mentioned in the article are: credit cards offer more protection against fraud and merchant disputes; the card issuer must investigate disputes with the merchant. If there is no previous balance, consumers get at least a 21-day interest free grace period between the statement date and the bill’s due date. More credit cards offer rewards on purchases than debit cards. Some credit cards offer introductory periods with no interest. Some credit cards offers purchase protection, car rental insurance coverage, and extended warranty on certain items. Some debit cards offer similar benefits. Merchants such as hotels and car rental companies may not accept debit cards and if they do, they will put a hold on cash in consumers’ checking accounts and the money won’t be…
Paying cash has been the simplest form of payment since currency has been established. Due to technology there are several ways one can purchase merchandise. Credit by far has become popular of most ways to purchase merchandise. Paying cash has no fees, no identity theft, and debt free. Credit cards has fees, theft safety programs, can cause debt, and can make fast payments. Both methods are necessary for today’s economy and both are necessary depending on the customer.…
Credit card actually replaces the hard money in market. Before the coming of plastic money, every one relies on their present income. If possible in present salary then only purchases go on, otherwise get shifted to next month. This problem now has been solved with the plastic money. Make payments in the next month but u can purchase now.…
In modern life people tend to use credit cards more than putting cash in their wallets. Also, cash is still used but not taken in big amounts that might cause insecurity. Both credit and debit card payments have been proven that they are safer and more convenient than cash payments, especially when it comes to the online purchases. In…
Lastly, credit cards transaction will reduce the cost of holing cash, which saving the cost of cash printing and do good to the environment, in addition, it provides the global market a more efficient way of transaction.…
Using cash to pay for goods or services is somewhat a thing of the past. In today’s society we use our debit and credit cards to perform daily activities that include purchasing merchandise online, paying for groceries, dinning out at restaurants, and a wide variety of other transactions that involve money. What we may not be aware of is that in performing such tasks we are sharing personal information via the internet which can be stored, collected, and processed which are all opportunities for identity theft. Identity thieves use a wide variety of tactics to obtain a person’s identity. Statistically the most widely used method used by identity thieves is stealing wallets and purses which contain such items as identification, bank, credit, membership, and other types of cards. Another method is stealing mail which provides the thieves bank statements, preapproved credit offers, and…
I don’t why change for a dollar exists today. Coins can buy you nothing now, and carrying coins around makes me so angry. Every item for sale should be based off of solid bill. Pennies, nickels, dimes, and all other coins shouldn’t exist anymore. The noise it makes in your pocket is so irritating to me. It’s a lot like keys, only I can’t leave my keys behind.…
The first reason that credit cards will replace cash in the future is because of security. Even though the police force is getting better and better, robbery has not been completely stopped. Now, credit cards are helping reduce robbery rates. Back to 1995, when credit cards were not that much popular, FBI’s (1995) crime report points that there is one robbery every 54 seconds. (P. 4), and today “In 2010, one robbery occurred every 1.4 minutes in the United States” (Office for Victims of Crime, 2011). The robbery rate is lower in 2010 than in 1995. This rate is being lower after credit cards are more popular and people carry less cash. So credit cards reduce robbery rates. People can protect their money from criminals, and also from themselves at times. People lose money because they leave it…
The idea of a paperless monetary system takes a big leap forward thanks to the Square credit card reader. No longer is there a need for an expensive credit card machine that is fixed to a land line. Owners of an iPhone, iPad, or an Android device are now able to swipe credit card payments anywhere at anytime and have it deposited directly into their bank account.…
References: Data sourced from DigiDay; additional content by Warc staff. (2012 December 04). Digital models yet to mature. Warc News.…
As we mention earlier today people are very busy with their working. Therefore they don’t have time to do their day-to-day works. Such as buy goods from markets, shopping and consulting doctors. People try to save time from those activities. Not only that we can find so many issues of this system. Such as in the special season periods it has long queues in the super markets. Not only has that but also when the bill is calculated manually, it will case for many errors. That will be a big problem for both customer and the company. Because it waste the time of both sides. Also some cashiers don’t have proper knowledge about the systems, such as credit card systems. It has many issues not only in the customer side but also in the company side too. Those are, when the stocks of market is over and the owner don’t know about that.…
“No man is an island” --- an almost clichéd saying everyone knows. I can’t completely say I’m an island, I can’t say I’m not either. It usually depends upon the situations raised by life’s unique design. I was brought up by my parents to be a respectful, justice-wise, humble person. But in every person’s lives lies the process of making one’s own personality.…