Have you ever thought about how powerful unintended consequences can be?  I have—especially the unexpected benefits they can bring, like when a medication meant to treat one disease also improves other conditions. More specifically—and because I work on public sector programs in the U.S. at MasterCard—I’m thinking about financial inclusion. Governments at all levels—federal, state, and …
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This cost of cash perspective was co-authored by The Fletcher School, Tufts University academics: Bhaskar Chakravorti, Senior Associate Dean for International Business and Finance, and Benjamin Mazzotta, Postdoctoral Research Fellow for Inclusive Growth   Since the 1950s, cash has faced serious competition for point-of-sale payments. Today, the digital transformation has accelerated that competition, just as …
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Countries around the world are embracing electronic payments as they realize what the cost of cash really is.  Ann Cairns, president international markets, talks to the Morning Brew about how that resonates in the Asia-Pacific region.  And Time’s Josh Sanburn puts together a video report on the cost of cash.  Meanwhile, merchants can now charge “checkout fees” when consumers pay with …
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  You may have heard that as of January 27, 2013 merchants in certain states are now allowed to charge consumers an additional checkout fee when using a credit card. This is an important issue and we want to make sure you are properly informed about this change and exactly what it means.   This …
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Fed reserve set to embark on study on volume of e and paper payments. What do you think they’ll find?