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Link: Javelin Strategy and Research » More Online Consumers Turn to Alternative Payment Methods For Security and Convenience.

New Study Shows Online Alternative Payments Will More Than Double by 2012, Credit Cards Hit Hardest by Shift San Francisco, CALIF., September 26, 2007 – A new nationwide consumer study by Javelin Strategy & Research shows that online transactions will more than double to reach $355.2 billion over the next five years, sparking a dramatic shift in how Americans pay for all purchases. By 2012, 30% of Americans will turn to online alternative payments, instead of reaching to their wallet for a traditional credit card.