Product Reviews

New ways to pay bring new risks

But read the fine print for liabilities on cellphone, digital wallet payments

Consumer Reports / October 30, 2011

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While Americans are still using plenty of cash, checks, credit, and debit cards to pay their bills, new electronic methods such as paying by cell phone are emerging. Before jumping in, consumers should be aware of the protections they offer, according to Consumer Reports. Things often go wrong during the processing of 300 million non-cash payments each day. In Consumer Reports’ survey, one in four Americans said they had an unauthorized charge, billing error, or other problem.

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