Article
A cashless society?
A survey reveals increase in some consumers' use of cash.
October 27, 2008 by James Bickers — Editor, Networld Alliance
For as long as there have been electronic payments, there has been talk of the theoretical "cashless society." Technologies do exit their respective stages at some point, of course — ask any owner of a stash of Betamax videos or 8-track cassettes — but the simple/elegant technology of tangible currency has a long life ahead of it, even in the face of digital payments and transactions.
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In fact, Lee says he sees money changing hands for at least another 100 years, and most likely for much longer.
The changing nature of the transactionCash may not be disappearing anytime soon, but there can be no denying that its role in the world economy is changing. From cash-preferred consumers to the rise of online shopping and concern over bank stability, the relationship people have with their money is evolving on an almost daily basis.
It is precisely that change and uncertainty that prompted ATM Marketplace, a sister site of Self-Service World, to conduct its own research, culling the collective opinions and outlook of more than 500 financial industry players.
To see the complete list of results, download the ATM Marketplace white paper, "Cash Habits and Expectations: Is a cashless society really possible?"
James Bickers is the editor of Retail Customer Experience, a sister site of Self-Service Worldand Kiosk Marketplace.
About James Bickers
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