Letter: Unintended Exposure Through Bank Debit Cards
All, When giving an analysis of bank debit cards and the advantages and disadvantages of their use, we come across quite a bit of useful information. There is indeed a shift from the use of checks and cash towards debit cards. According to the Federal Reserve Payment Study (2013) “Over the years, payments have become increasingly card-based. Card use may have replaced check use for certain payments” (P.6). The use of cards is of great end use convenience to account holders as swiping a debit card is faster than writing checks. Debit cards are almost universally accepted in today’s market, …