by Michael Krieger, Liberty Blitzkreig
“We aren’t releasing that data,” said a Visa spokeswoman in response to a query about whether the company had noticed a recent dip in card use. A MasterCard spokesman declined to comment.
– From yesterday’s New York Times article: Newly Wary, Shoppers Trust Cash
A very interesting article was published yesterday by the New York Times. It highlighted the fact that according to an Associated Press poll, 37% of Americans “had made an effort to use cash instead of credit or debit cards to pay for purchases as a result of the recent data thefts.” While I certainly agree with the assessment that people will likely only switch to cash temporarily and move back to plastic as soon as their low attention span minds allow, doubt regarding credit cards has been firmly planted in people’s minds. The more breaches we see in the future, the more people will look for alternatives.
Please follow SGT Report on Twitter & help share the message.