+ Reply to Thread
Page 1 of 2 12 LastLast
Results 1 to 15 of 22

Thread: Cashless society by 2012, says Visa chief

  1. #1

    Default Cashless society by 2012, says Visa chief

    Cashless society by 2012, says Visa chief

    By Tim Webb
    11 March 2007 / Independent UK

    Paying for goods with notes and coins could be consigned to history within five years, according to the chief executive of Visa Europe.

    Peter Ayliffe said that, by 2012, using credit and debit cards should be cheaper and more convenient than cash.

    Some retailers could soon start surcharging customers if they choose to buy products with cash, because of the greater cost of processing these payments, he warned.

    ...more - http://news.independent.co.uk/busine...cle2347411.ece
    Last edited by zengrifter; March 14th, 2007 at 04:08 PM.

  2. #2

    Default Taxing every last cent

    Governments want a cashless society. If every cent you earn or spend is some kind of electronic, data creating transaction, the government will know of every cent you earned or spent. Your yard sale, your doing some work for cash, and of course your table winnings at the casino are all subject to taxes but the government could not track the vast majority of smaller cash transactions.
    Big Brother is at our door step. 9/11 has advanced his cause greatly. Incentives now being given to you by your banks to entice you to use an ATM card for all transactions is just another step. Just look at commercials, one shows a guy screwing up everything in a cafeteria by having the nerve to actually pay cash. Not only that, but he is looked at like a leper by the other customers. And another bank is matching your change.
    Your supermarket card lets that marketer know exactly what you buy. Nice, they can send you coupons designed for your likes and perhaps to get you off of one product and into a competitors product (competitor who pays them for that service). In the meantime they jack up all of their prices and turn around and give you a discount for using the card which means to me that they are making (in blackjack terms) the refusal, pay more.

    I am a dinosaur. My children (all adult) hardly ever have any cash in their wallets and have a strange look when they see me pay for a dinner or some other purchase with cash. Of course, advantage players need to spend cash presently. In the future I fear you will walk up to the table and give the dealer your ATM. You will receive no chips. You just press the proper button in front of your spot, pick a dollar amount and the funds will be taken from your account. Upon winning, they are deposited.
    Tomorrow you will have no private life, no secrets and some bureaucrat in a cubicle will know more about you than you know about yourself.

    ihate17----but I do like cash

  3. #3

    Default

    ihate17----but I do like cash
    Cash is King with me.

  4. #4

    Default

    I only use my atm card for online purchases and cash withdrawals.
    Cash is King.
    Never mind the guy who runs the damned credit card company.
    We are a long way away from a cashless society.
    I doubt it will ever happen.
    Bow...Wow. Um, Woof!

  5. #5
    Join Date
    Jan 2007
    Location
    lost in cyberspace
    Posts
    93

    Default

    Quote Originally Posted by josh3623 View Post
    We are a long way away from a cashless society.
    I doubt it will ever happen.

    we are closer than you would think. i hardly ever use cash also use debit all the time. i mean you can use plastic just about anywhere - even at burger king, etc.

  6. #6

    Default

    Quote Originally Posted by person1125 View Post
    we are closer than you would think. i hardly ever use cash also use debit all the time. i mean you can use plastic just about anywhere - even at burger king, etc.
    you can get a dagwood sandwich at burger king?

    Last edited by Brutus; November 13th, 2008 at 09:47 PM.

  7. #7
    Join Date
    Mar 2007
    Location
    posting from Bethesda, MD
    Posts
    13,912

    Default

    Hey! Where kin I sign up to get one of them lil doodads they put unner yur skin? Ain't it neat! Yoo can pay fur stuff jus wavin yur hand over the cash registur! Ownli they dunt call it thet anymoor. Itsa hand registur now!!! Yuk! Yuk! Yuk!

    Mebee I kin git one of them things in my hed too. Thet way they kin cee me frum the saddlelite. Yuk! Yuk! Hey look! Im on TV! Yuk! Yuk! Gollleeee! Wottle they think of next!
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  8. #8
    Join Date
    Jul 2007
    Location
    Ohio
    Posts
    214

    Default please send all cash

    to me and I will buy it $.12 on the dollar . You can't show it but I will find a place to dump it if you really think we are going cashless. The USA may go cashless but the world won't so I will trade them for yen or something and since i am buying them so cheap I can afford to sell at a huge discount . A better thing would be buying diamonds in 4 carats or larger size . Easy to conceal , travel anywhere with them , they are very liquid as well, and are easily transferable .An example would be say I give you 4 carats of d flawless diamonds for your house or one carat for 2 rolexes . People will always find a way around it .



  9. #9

    Default

    Ha! Haven't they learned anything from the current financial crisis. Giving everybody credit cards to use instead of cash is a recipe for disaster. All one has to do to know that we'll never be a cashless society anytime soon is look at the poker pro machines. I went by Trump Plaza the last trip to play these things since there's less rake and no tips needed and guess what, it was totally empty.

  10. #10
    Join Date
    Jul 2007
    Location
    Ohio
    Posts
    214

    Default

    Quote Originally Posted by Thunder View Post
    Ha! Haven't they learned anything from the current financial crisis. Giving everybody credit cards to use instead of cash is a recipe for disaster. All one has to do to know that we'll never be a cashless society anytime soon is look at the poker pro machines. I went by Trump Plaza the last trip to play these things since there's less rake and no tips needed and guess what, it was totally empty.

    sure they were and goes to prove people are running out of cash . A friend of mine runs bus tours all over to casinos and he says even his business is off 35% year to year and not looking real good for the next year either .Cash is king and I think all the Americans who have credit card balances with ignorantly high interest rates can attest to that!!! Look at all those money order places , check cashing places , and payday loan places that rape the poor and keep them forever in debt as well . I have 2 credit cards and in 40 years have never carried a balance and the last few years I have been getting cashbacks on every nickle I spend . Ah America is a great country !!!!



  11. #11

    Default

    Quote Originally Posted by aslan View Post
    Hey! Where kin I sign up to get one of them lil doodads they put unner yur skin? Ain't it neat! Yoo can pay fur stuff jus wavin yur hand over the cash registur! Ownli they dunt call it thet anymoor. Itsa hand registur now!!! Yuk! Yuk! Yuk!

    Mebee I kin git one of them things in my hed too. Thet way they kin cee me frum the saddlelite. Yuk! Yuk! Hey look! Im on TV! Yuk! Yuk! Gollleeee! Wottle they think of next!
    American Express Microchip - You WON'T leave home without it!


    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  12. #12
    Join Date
    Mar 2007
    Location
    posting from Bethesda, MD
    Posts
    13,912

    Default

    Quote Originally Posted by glovesetc View Post
    sure they were and goes to prove people are running out of cash . A friend of mine runs bus tours all over to casinos and he says even his business is off 35% year to year and not looking real good for the next year either .Cash is king and I think all the Americans who have credit card balances with ignorantly high interest rates can attest to that!!! Look at all those money order places , check cashing places , and payday loan places that rape the poor and keep them forever in debt as well . I have 2 credit cards and in 40 years have never carried a balance and the last few years I have been getting cashbacks on every nickle I spend . Ah America is a great country !!!!


    We had 30 credit cards between us when the wife and I got married 24 years ago. We now have one credit card, Southwest Airlines VISA, which we use for convenience and frequent flier miles. We will have at least two free round trip flights to Vegas this coming year. the balance is $1,000 because I just had $1,000 in maintenance done on my car the other day. That will be paid off with the next billing.

    My wife has a fortune in bank accounts. I got her to put some of it in CDs but there was still a bundle remaining in low interest rate accounts. Now she looks like a genius. lol
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  13. #13

    Default Tell That Woman

    Have your wife put an even amount in a CD each month. If I remember correctly it is called a "stepladder", that way some money is available every month and she is not caught in interest rate fluctuations.

  14. #14

    Default Probably Not Yet!

    With the credit crunch it has probably slowed down the move toward a cashless society!

    We can all fight the power by using cash!!!!!

  15. #15

    Default

    Quote Originally Posted by ihate17 View Post
    Governments want a cashless society. If every cent you earn or spend is some kind of electronic, data creating transaction, the government will know of every cent you earned or spent. Your yard sale, your doing some work for cash, and of course your table winnings at the casino are all subject to taxes but the government could not track the vast majority of smaller cash transactions.
    Big Brother is at our door step. 9/11 has advanced his cause greatly. Incentives now being given to you by your banks to entice you to use an ATM card for all transactions is just another step. Just look at commercials, one shows a guy screwing up everything in a cafeteria by having the nerve to actually pay cash. Not only that, but he is looked at like a leper by the other customers. And another bank is matching your change.
    Your supermarket card lets that marketer know exactly what you buy. Nice, they can send you coupons designed for your likes and perhaps to get you off of one product and into a competitors product (competitor who pays them for that service). In the meantime they jack up all of their prices and turn around and give you a discount for using the card which means to me that they are making (in blackjack terms) the refusal, pay more.

    I am a dinosaur. My children (all adult) hardly ever have any cash in their wallets and have a strange look when they see me pay for a dinner or some other purchase with cash. Of course, advantage players need to spend cash presently. In the future I fear you will walk up to the table and give the dealer your ATM. You will receive no chips. You just press the proper button in front of your spot, pick a dollar amount and the funds will be taken from your account. Upon winning, they are deposited.
    Tomorrow you will have no private life, no secrets and some bureaucrat in a cubicle will know more about you than you know about yourself.

    ihate17----but I do like cash
    In the South this Summer when gas was tight, I had a friend who had a hard time finding a gas station that would take her credit card. They were taking cash only. The high gas prices were costing gas stations so much money in fees from credit card companies gas stations were refusing credit cards.

    Apparently as the economy faulters cash is valued more. If the economy faulters enough then cash loses value.

+ Reply to Thread

Similar Threads

  1. 2012 is it the end?
    By blackchipjim in forum ZenZone General Discussion
    Replies: 29
    Last Post: September 8th, 2013, 08:18 AM
  2. The Cashless Society Has Arrived
    By zengrifter in forum ZenZone General Discussion
    Replies: 9
    Last Post: July 18th, 2013, 08:37 AM
  3. 2012 Documentary -VIDEO
    By zengrifter in forum ZenZone General Discussion
    Replies: 3
    Last Post: July 26th, 2009, 11:38 PM
  4. Fantasy Election 2012
    By aslan in forum ZenZone General Discussion
    Replies: 10
    Last Post: February 23rd, 2009, 10:37 PM
  5. The Decider-in-Chief
    By zengrifter in forum ZenZone General Discussion
    Replies: 0
    Last Post: September 2nd, 2006, 01:51 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts