Yes, capability is a fine word for this. I'd say the practical consequences are still exactly the same, regardless of the label.
Ugh, no thanks. The system you describe is more like cash. I have to actively dole out the necessary amount, and then receive change that is counted at each transition. I abhor these types of transactions.
Not as I imagine it. I think the merchant would be able to set up a transaction, and the consumer would have to take a minimal step to approve it.
Also, if this system would annoy you, I'd be fine with allowing individual consumers to opt out of it. Personally, I would absolutely opt in.
The fact that consumers and merchants haven't fled from credit card use as fraud rates (and costs) have increased is evidence that the market is willing to bear them.
Partially. But this fact can also be attributed in large part to the major barriers to entry.
Ugh, no thanks. The system you describe is more like cash. I have to actively dole out the necessary amount, and then receive change that is counted at each transition. I abhor these types of transactions.
Not as I imagine it. I think the merchant would be able to set up a transaction, and the consumer would have to take a minimal step to approve it.
Also, if this system would annoy you, I'd be fine with allowing individual consumers to opt out of it. Personally, I would absolutely opt in.
The fact that consumers and merchants haven't fled from credit card use as fraud rates (and costs) have increased is evidence that the market is willing to bear them.
Partially. But this fact can also be attributed in large part to the major barriers to entry.