The COVID-19 pandemic pushed many businesses (and consumers) away from cash and toward digital payments. A new survey on America’s cash and digital payment habits found nearly 1-in-4 people don’t have any cash on them and 1-in-5 say they’ve stopped using cash altogether since March 2020.
When it comes to banking, the majority of Americans avoid in-person The survey, by ThirdPartyTrust, shows that, when it comes to transactions, 80% of people interact with their banks online. Additionally, 53% like to use their bank’s app, and 69% of people deposit checks online. The majority (90%) of Americans also use payment service apps. The most popular is PayPal, followed by Venmo, Zelle, and Apple Pay.
By the way, in order to simplify the work with payment systems and use the accounts of services in one place, the Corefy integrated payments application was developed. You can connect to hundreds of payment systems and acquirers simultaneously, getting a clear view and full control over all your transactions.
ThirdParty Trust says that the pandemic has changed the way a lot of us live, including how we handle money. 41% of people say they judge the appearance of cash before touching it and 61% wash their hands or use hand sanitizer after touching dollar bills or coins. If cash appears too dirty, more than 1 in 3 (36%) say they’ll reject it.
ThirdPartyTrust is a third-party risk management platform for enterprises and third party vendors to perform assessments, automate TPRM workflows, and share security documents.
