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Wednesday, September 2, 2009
u.s. data shows that spending on credit and debit cards have decreased in the last quarter of 2008. While the total appears to be up on a yearly basis, statistics point toward reduced spending in many countries in 2009. Thus, budget-consciousness and use of cash to control expenditures will reflect in consumer behavior, implying, increased preference in the usage of ATM and prepaid cards over credit cards.
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