What is a Cashless Society?

Exactly what is says

No paper money or coins

Everything is electronic

Software and Hardware Used

EPS – Electronic Payment System

EFT- Electronic Funds Transfer

Microchips/Smart Cards

Fingerprints

Retinal

Impacts of a Cashless Society

Transition process

Education process

Economic implications

Universal acceptance

What’s next?

Security Benefits

Electronic means of recognition

Verification records of all transactions

Computer errors are far less common

than human errors

Money w

Security Risks

Misuse of technology

Potential for a new crime frontier

Less regulation and scrutiny

Economic woes

Cashless Controversies

Much less privacy

Wasteful spending

People taking on more debt

Bad for those who are reliant on cash

Final Thoughts

Beneficial once accustomed

Less Errors

More secure in a sense but still risks

Cash dependent people/organizations in

tough situations.

Money Talks

Works Cited

http://www.creditcards.com/credit-card-news/cashless-society-impact-1264.php

http://news.bbc.co.uk/2/hi/business/7894666.stm

http://www.washingtonblade.com/2003/12-19/news/national/SalvationArmy.jpg

http://freespace.virgin.net/karl_and.gnome/Images/CHAIN.gif

http://aftermathnews.wordpress.com/category/cashless-society/

http://www.youtube.com/watch?v=ybKSwuIHvL8

http://www.mariecurie.org/members/only/Visa.jpg

http://www.tacoma-selfstorage.com/images/mastercard_transparent.gif

http://www.banks.com/blogs/credit/wp-content/uploads/2008/07/105_american_express.jpg

http://www.squaredot.com/paypal.jpg

http://www.paypal.com

http://www.ezpass.com

Web Site Link

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