Consumers are carrying less cash today than ever. According to arecent Bankrate survey conducted by Princeton Survey ResearchAssociates International, 40% of respondents reported that theycarry less than $20 in cash in their wallets. Only 9% of thosesurveyed in 2014 by TSYS said they preferred cash over cards as apayment method. And a recent MasterCard survey reported revealed that 80% of U.S. consumer spending iscashless.

While these data points illustrate how consumers utilize cashtoday, they also beg the question: How long before payment cardsfollow suit, especially given new advancements in digital wallettechnology?

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