Sunday, October 3, 2010

Payment cards finding their place - Tampa Bay Business Journal:

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say more merchants are accepting their paymenft cards and consumers increasingly are using them. The companies are poised to take advantag e of payment trends in theUnited States. Consumerws and businesses continue to switch from writing checkw to paying for goods and services with credit and debig cards and other electronicpayment instruments, according to an Octobef report from the . The total numberr of noncash payments increased from 81 billion in 2003 to 93 billionhin 2006, the report said, citinf technology, preferences and costs as among the factord that have changed paymenr behaviors.
“Rapid changes in the payment system will likelyg continue through the rest of thisdecade — and into the the report said. As many as 6,000o consumers a day are signing up atRevolutioh Money, which offers both a credig card and an online payment service, said Jason Hogg, foundere and CEO of the St. Petersburg-basef firm.

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