Erasing 'Junk Fees' Doesn't Help Customers
Payment services are a prevalent and necessary part of the U.S. economy. Statistics show that
83 percent of Americans carry at least one credit card, with the average American having up to three. Roughly
93 percent of consumers have a debit card. The cashless methods imposed during the COVID-19 pandemic solidified credit and debit purchases as standard practice, and buy-now buttons and tap-to-pay point-of-sale systems have enabled frictionless payments for daily transactions.
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