Times have definitely changed in recent decades, especially when it comes to the way we handle financial transactions. It used to be that cash was king, but now people are looking for the easiest, most convenient way to pay for purchases and other transactions.

The first method that took consumers away from cash was writing a check. For years, checks used to be the standard way of paying bills or paying at the grocery store; however, these days, no one wants to take the risk of taking a check. Then the debit card came along and it was much easier to whip this card out of a purse or wallet than it was to write a check or find an ATM. The newest way to make payments has moved to our mobile devices. Not only can a mobile phone be used for making phone calls and texting, but now more and more establishments are using this technology to accept payments. Read more