New Payment Methods Give Old-fashioned Checks and Credit Cards a Run for Their Money [Archive.org URL]

Anyone with a Starbucks “stored value” card knows how easy it is these days to pay for his or her café latte. But the stored value card – like its higher-tech cousin the smart card, where value is stored on the card’s computer chip rather than on a server – is just one of the emerging technologies now gaining momentum while paper check usage is in decline, according to a new study by the Federal Reserve System.

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