How we make payment is an interesting part of our monetary system. We've subscribed value to certain printed forms of cash which we call bills, as well as coins. On top of this, we have digital currency in the form of numbers within the system or a computer network. Mobile payment is made through Electronic Wallets. And then there is the Block Chain. Within this section of posts, we will explore payments from handing someone cash, checks, and digital currency.
Most people do not give a thought to how a debit card works; they swipe cards, enter the PIN, and head to their home with stuff. However, the debit card process begins to change in the last quarter of 2015, when banks and other financial institutions introduced the new chip debit cards....
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