Consumers are rediscovering their love for cash in the wake of the recent retail data breaches.
As more data breaches become public, consumers are finding themselves increasingly less trusting of card-based payment systems, the New York Timesreported on Feb. 2.
We’d love to be your preferred source for news.
Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!
Various consumers, several of whom the Times interviewed, are even taking cash-only pledges to avoid having their sensitive information compromised.
The Times reached out to Visa, asking whether it had data showing an increase in cash use. The issuer declined to release any information, saying current usage rates are in line with seasonal expectations.
Get the latest data-breach news by clicking here.
“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.
Advertisement: Scroll to Continue
Add as Preferred Source
