Volunteer program seeks to boost cash withdrawals as budgeting tool.
Is cash still king? It would be easy to say “no,” with all the attention given to cyber shopping this holiday season and the media coverage of digital payment options.
But according to the Diary of Consumer Payment Choice, released a year ago by the Federal Reserve Bank of San Francisco, cash is still the largest retail payment category by number of transactions. By volume, cash’s share is much lower than in the past, but it still dominates small-value transactions. If credit card and debit card transactions were combined, however, they would easily outnumber cash transactions.
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