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Monday, February 21, 2011

Shoppers Shun Credit to Pay with Digital Dollars

As the digital age marches forward and online shopping further threatens brick-and-mortar dominance, shoppers are making a deliberate move back to an old standard of the storefront register: Cold, hard cash.
Major players in the virtual realm tout alternative payment methods in the name of convenience, security and privacy, giving debt-weary consumers numerous ways to pay with cash.
By championing the safety of such systems -- little personal info is exchanged and money is often pulled directly from a bank -- merchants are tapping into a new pool of customers previously turned off by the idea of exchanging info online. In fact, according to the National Cyber Security Alliance, 64 percent of Americans have abandoned an online purchase because of concerns over privacy.

Shoppers Shun Credit to Pay with Digital Dollars
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