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Professor Priya Raghubir comments on the rise of mobile apps like Venmo and the decline of the personal check

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Excerpt from MEL -- "...Raghubir doesn’t think checks will ever go entirely extinct. While it’s technically feasible to make all payments electronically and in cash, she says, some people will cling to checks out of pure habit, tradition or ease. Besides, she adds, 'I could not personally imagine going and giving a wedding gift to a friend of mine through a Venmo transfer. I would also feel embarrassed putting cash into an envelope. To me it would be odd.'"

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