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  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
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    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

    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.

  8. #8
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    Default hey aslan

    she is a genius buddy !!!!!!! Plus she married you as well !!!!



  9. #9
    Join Date
    Apr 2007
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    Default Is it me?

    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
    You said a mouthfull there, bud.

    Is there something wrong with me because I still use cash?

    Today, I went into Mr.Mikes Music(College town) to get some Guitar strings when out of the corner of my eye I seen this really nice Guitar on sale. The sale price was 150$(160$ w/tax) which is about exactly what I had on me So naturally I asked Mike himself if he would go down on the price a little bit. He was very adamant about his prices being set as displayed. At this time, I wasnt exactly sure how much money I had waded up in my front pocket, so I pulled it out and counted out about 150$. Believe it or not, he said he hadnt seen cash in a long time, "mumbled something about the Goverment", and "said" I didnt know you had cash, so I'll take a 150$ even. If I wasnt surprised enough already, as I handed him the 150$, he immediately stuffed it in his front pocket and said "Thank-You" and have a nice day He didnt even blink about writing me a receipt, nor did I even bother asking for one. I just grabbed my new guitar and crashed the doors.

    When he said he hadnt seen cash in a long time, at first I didnt understand and thought what the hell he was talking about. Is cash really become this obsolete or was this maybe because this is a big college town(Carbondale,IL) or am getting left behind in the dark-ages, in forms of tender?
    Jack Jackson

  10. #10
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    Apr 2006
    Posts
    1,050

    Default

    Quote Originally Posted by jack,jackson View Post
    You said a mouthfull there, bud.

    Is there something wrong with me because I still use cash?

    Today, I went into Mr.Mikes Music(College town) to get some Guitar strings when out of the corner of my eye I seen this really nice Guitar on sale. The sale price was 150$(160$ w/tax) which is about exactly what I had on me So naturally I asked Mike himself if he would go down on the price a little bit. He was very adamant about his prices being set as displayed. At this time, I wasnt exactly sure how much money I had waded up in my front pocket, so I pulled it out and counted out about 150$. Believe it or not, he said he hadnt seen cash in a long time, "mumbled something about the Goverment", and "said" I didnt know you had cash, so I'll take a 150$ even. If I wasnt surprised enough already, as I handed him the 150$, he immediately stuffed it in his front pocket and said "Thank-You" and have a nice day He didnt even blink about writing me a receipt, nor did I even bother asking for one. I just grabbed my new guitar and crashed the doors.

    When he said he hadnt seen cash in a long time, at first I didnt understand and thought what the hell he was talking about. Is cash really become this obsolete or was this maybe because this is a big college town(Carbondale,IL) or am getting left behind in the dark-ages, in forms of tender?
    yeah discounts can be found with mom & pop operations when a cash transaction is made. uncle sam kind of ends up clueless when it comes to cash.
    best regards,
    mr fr0g MMOA honorary predator
    STRENGTH - HONOR - HEART
    that's my take on it your mileage may vary.
    for senior citizen fuzzy count click link:
    http://www.youtube.com/watch?v=DrTiP4ZIUfI

  11. #11
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    Default

    Quote Originally Posted by sagefr0g View Post
    yeah discounts can be found with mom & pop operations when a cash transaction is made. uncle sam kind of ends up clueless when it comes to cash.
    So it seems! Cash talks! I love it! It never seems to amaze me, how much you can save when paying with cash
    Jack Jackson

  12. #12
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    Dec 2009
    Location
    Atlanta area
    Posts
    3,189

    Default

    See also -

    A Cashless Society May Be Closer Than Most People Would Ever Dare To Imagine
    Most people think of a cashless society as something that is way off in the distant future. Unfortunately, that is simply not the case. The truth is that a cashless society is much closer than most people would ever dare to imagine. To a large degree, the transition to a cashless society is being done voluntarily. Today, only 7 percent of all transactions in the United States are done with cash, and most of those transactions involve very small amounts of money. ... [read more...]
    Last edited by DDutton; April 2nd, 2012 at 02:42 AM.

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