PayNearMe: a new payment service near you

If you don't have a credit card but you want to shop on the Internet, then you might be the perfect customer for a new product called PayNearMe.

This new service, opening for business today, is chasing after people who have money but don't have a credit card, which, according to PayNearMe, is about 29% of American households out there. (I assume they're quoting a recent survey by CreditCards.com, which showed that an estimated 29% of Americans don't carry plastic.)