Here are two newsletters that I have found on the justiceleads.bravehost.com message forum and I thought that they were interesting articles for others to read and comment on. What do you think?
--Tony, from Virginia
IS THE GOVERNMENT TRYING TO GET RID OF CASH AND COINS?
What if everyone's money were on cards, all logged in a computer? Will the world be a better place, financially? With money on cards, the government is sure to know your every move! Everyone shops, whether it be in person, over the phone, or on the internet. Money cards can actually prevent the writing of bad checks. With cash on cards, will individuals be able to keep a better budget, knowing their limitations? People already have a hard time keeping track of their funds on credit and debit cards. And what about the right to privacy? Individuals may have nothing to hide, but with a card like this recording our every transaction, we have no privacy. There are just some things that we would like to keep to ourselves. Would you like for someone to know how often you shop at the cigarrette store, the ABC store, an intimate apparrel franchise, or an adult store? Although it may be a good source to possibly find alcoholics, fanatics, arsonists, and possible perverts, it does interfere with the privacy of those that are innocent. A card like this can keep track of everything you do habitually. It can help others know your favorite clothing store, favorite movie store, and your favorite hang-outs. How do you feel about it?
--From K. Renee, JLeads Rep in VA
WHAT IF DEBIT CARDS WERE LIKE GIFT CARDS?
How can banks help prevent a customer from receiving overdraft fees? When you use debit cards, it takes a while for some transactions to post on your account. If you are not an extremely cautious and organized individual, then this could be a problem. You can lose track of your debit card transactions and therefore lose track of your available funds. This can cause you to overdraft your account. If it is overdrawn by one dollar because of your doing, you will be charged a large overdraft fee. This can hurt your pockets as well as your credit. What can help to prevent this? What if a bank was to develop a debit card that functions like a gift card? A gift card automatically stores the current balance on the card after every transaction. Once the card's funds are depleted, it is not able to be used for any other transactions until money is put back on the card. If debit cards were to function the same as a gift card, this can actually prevent or reduce the problems of delayed or pending transactions, overdrafts, and overdraft fees. Many customers will fall in love with their very own debit gift card! What do you think? Is it possible?
--From K. Renee, JLeads Rep in VA