How a cashless economy could cost you

Easy, fast and lifting money right out of your pocket. The battle to own your digital dollars has been heating up as major technology companies, retailers and payment networks ramp up their mobile payment offerings.Last week, both Google[GOOG  669.22    -9.41  (-1.39%)   ] and Starbucks[SBUX  49.14    0.44  (+0.9%)   ] made announcements aimed at growing their programs. Google Wallet is now cloud-based and can be used with multiple credit and debit cards. Starbucks has partnered with Square to create a better way to pay directly from a smartphone.
But the rise in mobile payments may not be so good for the budgetary health of consumers, who could find themselves spending more as a result, academic research suggests.

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