US Needs a Reality Cheque (CFO Magazine)

February 27, 2005

US Needs a Reality Cheque

CFO Magazine (Peter Mair, Feb 2005) : “Non-cash payments are still dominated there by high-cost (but quite profitable) cheque and credit card arrangements, presumably because, without effective competition, US banks have no incentive to offer better, low-cost electronic payment facilities, which are not as profitable.”

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