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Are Effortless Payments Too Easy?

As we make payments faster and easier, are we offering consumers a shortcut to budgetary trouble?

By CO-OP Financial Services | Updated on June 23, 2015

The Amazon Echo is either the greatest thing ever or it’s the devil. The Amazon Echo, for those who don’t know, is a device that connects you wirelessly to Amazon at all times. Among various functions, it enables you to use audio commands to order products, using default payment and shipping settings. Translation: You can get whatever you want, whenever you want it, without entering a single keystroke. You just say what you want out loud.

If Charles Foster Kane had the Amazon Echo, Citizen Kane would have been a very short movie. “Rosebud,” he would whisper, and Amazon operatives would spring into action. Sled delivered. The End.

There is beauty and wonder in the effortlessness of these transactions.And Amazon Echo is only one example of this new style of payment experience. New and established examples abound:

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