New Custodial Inventory And Cross Shipping Rules Bring Big Changes to Major Banks
Sponsored by: Transoft International, Inc.
Type: White Paper
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The American public has a love affair with debit and credit cards, and electronic payments in their many forms are a ubiquitous part of our culture and the U.S. economy. Yet it is not time to count out cash just yet. Don’t forget that predictions of a cashless society have been floating around since the 1960s. But the facts tell a different story: over the past three decades, the value of U.S. currency in circulation has grown dramatically - from $93.4 billion in 1977 to $783.2 billion in 2006. The number of pieces of currency in circulation also has increased during this time - from 7.5 billion to 26.4 billion.
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