By Steve Reider
Prophecies of a cashless society are proving premature, according to survey results released by ATM provider Cardtronics and research firm Edelman yesterday.
Credit cards and online bill pay increased their shares of all payments, according to results from the Federal Reserve Bank of Boston’s 2014 Survey of Consumer Payment Choice released today.
But online banking remains the most popular banking choice, especially for older Americans.
Mobile banking has leaped into position as the second-most-preferred form of banking, chosen by 18 percent of bank customers, up six points from last year and nearly double since 2014, according to an Ipsos Public Affairs survey conducted for ABA.
Most American adults — 62 percent — say it is likely or very likely that the U.S. economy will be completely cashless in their lifetimes, according to a new Gallup survey.
In the right setting, interactive teller machines can give financial institutions a competitive edge—including an invaluable opportunity to connect with customers.
The case will be remanded to the district court where the judge will eventually rule on the merits of plaintiffs’ claims.