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To understand the future of money and transactions, one must understand the nature of currency. Foremost, it is not real. A coin, a paper bill, a debit or credit card hold no value as objects. Currency has always been a form of data. Currency is the first digital revolution, started to turn it into what we now think of as traditional data. That has set us up for the second digital evolution of currency: where mobile technology and the cloud once again change how people make transactions.
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First Data Corporation has released its First Data SpendTrend™ transaction data from Black Friday 2009 as compared to last year. SpendTrend tracks same store consumer spending via credit, signature debit, PIN debit and EBT cards. Ov... Read Post

Credit cards have become an integral part of our modern lives. Instead of carrying a bunch of coins and paper money, we carry a stack of credit cards at all times. As online purchases become more popular, money continues to be abstr... Read Post

The nature of currency has changed over the ages starting from the barter system, to printed paper money, and to the modern day ‘plastic’ money in the form of credit and debit cards. The way currency is exchanged has changed too. Go... Read Post