The question: “Why not issue bespoke MasterCard’s made out of solid gold” had to be answered one day, and someone did answer it indeed. Below, I interview a serial entrepreneur who created a new meaning for a Gold Debit Card. Two meanings in fact; 14 carat and 18 carat. Without further ado, let’s read from the Aurae man himself.

Q: Please introduce yourself to the readers.

My name is Christopher Scanlon, and I have been a serial entrepreneur for the last 16 years. Financial services and luxury experiences have been a passion of mine and Aurae (Link) is the culmination of these passions.
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According to a recent report by MasterCard Advisers (part of MasterCard, provides insights and solutions that drive business impact and ROI.), more and more nations adopt the cashless payment systems in all of their transactions, all while dropping the use of good old trusted cash.

The report tracked 33 world economies moving fast to become cashless societies. It measured nations’ progress towards more modern, efficient payment processes by looking at the current share of cash versus cashless / non-cash payments for consumers, how this share has shifted in the past 5 years, and whether conditions exist for cash payments to move to electronic.
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According to a new survey conducted by Cardbeat and Auriemma Consulting Group (ACG), more than three-quarters (76%) of American consumers have an active PayPal account. This percentage rose up sharply from 55% in their 2008 survey.

Still, PayPal accounts for less than 10% of total online sales volume in 2010. The seemingly inexorable growth of online e-commerce websites and trade drives more and more dollars to the payment service. Final volume counts still await the end of the holiday shopping season. PayPal reported a 27% increase over 2009 in Black Friday online payments.
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