They combine the irreversibility of cash transactions with the convenience of electronic transactions.
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While the absolute volume of cash and carry transactions is high the aggregate dollar value of cash purchases is low, estimated at less than 1% of the total.
Most of us have come across gas stations advertising discounts on cash transactions at the pump vs. credit card transactions.
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The Mint has added a warning to its Web site that credit-card companies could consider the purchases cash-equivalent transactions not eligible for miles, and Mint officials plan to contact credit-card issuers "to try to implement a solution, " he says.
Ignacio Mas of the Gates Foundation explained that mobile banking enables financial transactions without the need for cash or brick and mortar retail bank locations.
That is especially true at supermarkets and drugstores, which must pay the fees on purchases and cash-back transactions for customers who don't want to go to the bank.
The back office staff will probably remain at their desks monitoring cash flows, but the senior executives who just have to approve transactions or monitor cash flows can do it from anywhere with mobile devices.
Keep printouts of all transactions so that the cash can be included in the final settlement down the road.
Ms. Buziak made the transactions to ensure new cash invested in ING funds Friday was put into stocks, in order to align the products with their investment goals, she said.
The complaint describes a number of cash transactions, including a September 2012 meeting at a Bronx steakhouse in which Mr. Stevenson met two of the defendants and another cooperating witness.
In its latest 10-K filling with the SEC, MasterCard estimated that 85% of all payment transactions are still paper-based transactions with cash or check being the primary media.
For the first time, the AP study presents payrolls for both active rosters and rosters following adjustments for cash transactions in trades, signing bonuses that are the responsibility of the club agreeing to the contract, option buyouts and termination pay for released players.
The watchdog is calling for a simplification of charging structures for using cards overseas, cash withdrawal fees for UK transactions to reflect the costs of processing, and clearer explanations of exchange rates after all fees are added.
What I think will happen is that we will have a de facto cashless society first, where a majority of transactions will be done without cash, both in numbers of transactions and in the quantity of money involved.
The government has advised shop owners to round out prices to the nearest nickel (5p) for cash transactions.
This is primarily the result of the popularity of cash for low-value transactions.
With the rapid rise in use of debit and credit card as a preferred mode of payment over cash and check, the number of transactions processed by Visa has grown steadily by 10% in the last couple of years, except 2008 when the economic downturn caused transaction volumes to drop by almost 11%.
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For MasterCard, its MasterPass platform is an "opportunity to get at the 85%" of global transactions that are paid for with cash and checks, said Ed McLaughlin, the company's chief emerging-payments officer.
It clarifies that the freeze on financial transactions and services that could violate sanctions applies to all cash transfers as well as the cash couriers.
The number of cash payments made in the UK in 2011 was more than double the number of transactions made by card, data from the Payments Council shows.
The opportunity exists in nearly every job, not just the ones that typically see a lot of cash transactions.
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If consumers find themselves without pennies, cash transactions should be rounded to the nearest five-cent increment "in a fair and transparent manner, " it says.
The euro was introduced at the start of this year for non-cash transactions only (such as electronic-funds transfers, and payments by cheque or credit card).
Secondly, there are a number of countries, for example in parts of Africa and the Middle East, where the banking system is not highly developed and so cash transactions are common.
Flush with record cash reserves, companies certainly have the resources to do transactions.
To combat terrorism and counterfeiting, the federal government has put more monitoring and restrictions on cash transactions, forcing banks to disclose far more about customer-account activity than ever before.
Cash is tucked in or taken out from a shoebox under the counter so the cash register is not even touched except for one or two transactions to create an illusion of activity.
Household debt has doubled in the past five years, partly as a result of an explicit policy of encouraging the use of credit cards to cut down on cash-based transactions and fight tax evasion.
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As a group, the pure-play investment banks have relied heavily on short-term funding, particularly repo transactions in which counterparties take collateral as security against the cash they lend.
Munari, says a civil complaint, directed the cash to American accounts starting in 1998 in a complex series of transactions crafted to conceal the source and ownership of the funds.
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