Driving away fees

Alternative payment systems seek to cut out credit card companies [and high bank fees].

Though they face formidable competition in the form of the cards’ ubiquity and convenience,

…one company is seeking to overcome that by turning people’s driver’s licenses into debit cards .

Users link their bank account to their driver’s license number and make purchases at participating retailers using the license and a PIN code. (via Payments News)

[via Techdirt]