#buy it Now Using Social Media (as reported by Melody Warnick via creditcards.com)

 The financial services industry is always coming up with ways to make spending easier for consumers. The latest development by today’s tech entrepreneurs means that a person no longer needs their wallet to make a purchase. An impulse buy is as simple as writing #buy using your Twitter account. Backers of the technology, including AMEX, tout this as a breakthrough for consumers but what are the potential downsides and dangers? Melody Warnick’s article found here gives some background of potential positives and negatives.

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