“It’s never been easier for consumers to move their money around, to pay for everything — from groceries to movie tickets to hotel rooms — either online or in person with little to no thought about what makes that possible. But these massive profit figures raise some questions: Why on earth are credit cards making so much money? Are the services they provide worth tens of billions? And why aren’t debit cards, which function almost identically to credit cards, equally profitable?” The Week: Why are we all paying a tax to credit card companies? (It’s not the interest. It’s the fees.)

+ Canada must be pretty terrible. Chase wants to get out of there so bad the company announced it would wipe all remaining credit balances off the books. CBC: Chase Bank forgiving all debt owed by its Canadian credit card customers.