CCTech
@CCTech506
Cash is dead. We are here to de-blackbox one of the technologies that made it happen.
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Tonight: come join us and find out more about deblackboxing #mobile payment technologies such as #Square
Mobile payment apps are surging in popularity as an easy way to pay for smaller items such as taxi rides and movie tickets. #China
But despite all that, MasterCard found in a recent global study that China is making the shift “from cash to cashless” very rapidly.
Very low rates of street crime make China, paradoxically, one of the safest countries for carrying around large wads of cash.
China has a staggering 4.2bn bank cards in circulation, enough for every mainlander to have at least three.
The shift away from cash is remarkable for a country which was the first to print paper money a millennium ago.
China falls out of love with cash - FT.com on.ft.com/1fv1lZJ via @FT
ft.com
China falls out of love with cash
China falls out of love with cash
How I know you're probably in denial about money — by @jjeffrose via @CreditExperts read.bi/1baIu5r
Millennials who decide to save money & avoid credit can actually be an excellent credit risk: onforb.es/1IR1BNB
A reality check on EMV credit-card security at @usatodaytech: It's still meaningless to most U.S. shoppers. usatoday.com/story/tech/per…
usatoday.com
Chip-card security remains scarce in wallets
Arrival of credit cards with security chips might come later than you think.
A survey found the average household has $7,283 in credit card debt. How to develop a plan to pay it: ow.ly/M8nbK
Mobile payment on the go. Share your cashless payment stories with us!
A quick history lesson:
Credit card provider Discover will join Apple Pay’s ranks beginning this fall tcrn.ch/1zew1JK
Negative rates are turning this corner of the #credit market crazy bloom.bg/1GBUmZD
Interesting: This credit card reader on a vending machine has a camera. Old news, @briankrebs?
Smartphone-based payments are typically more secure than credit cards. Why is that? econ.st/1PvE9Js
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