New banking trends are on the horizon, and they are likely to affect your finances. Experts have said several significant shifts might affect consumers in 2017.
Following are six possible changes that might impact your wallet.
Credit Cards Moving to Retail Sales
In 2017, big credit card companies might start to move away from their traditional roles as payment mechanisms and more into retail sales. They will do this by using the large volume of both structured and unstructured data that bombards businesses on a daily basis, according to Mike Catania, chief technology officer of PromotionCode.org, which works with more than 15,000 retailers to provide coupons to consumers.
