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Posts Tagged ‘cashless’

Facebook Banking on a Cashless Society


Monday, 16 July 2012

‘As if the current methods of evaporating privacy and pushing a world toward the Cashless Society were not moving fast enough, Facebook is now developing and beta testing an app that would allow users to “pay their utility bills, balance their checkbooks, and transfer money at the same time they upload vacation photos to the site for friends to see.”

Essentially, the new application which is currently in beta phase with the Commonwealth Bank of Australia, allows for interactions regarding banking and financial services over alleged secure and private connections.’

Read more: Facebook Banking on a Cashless Society

http://www.davidicke.com/headlines

Sweden Moving Towards Cashless Economy


Wednesday, 21 March 2012 08:42

‘Sweden was the first European country to introduce bank notes in 1661. Now it’s come farther than most on the path toward getting rid of them.

“I can’t see why we should be printing bank notes at all anymore,” says Bjoern Ulvaeus, former member of 1970’s pop group ABBA, and a vocal proponent for a world without cash. The contours of such a society are starting to take shape in this high-tech nation, frustrating those who prefer coins and bills over digital money.

In most Swedish cities, public buses don’t accept cash; tickets are prepaid or purchased with a cell phone text message. A small but growing number of businesses only take cards, and some bank offices — which make money on electronic transactions — have stopped handling cash altogether.’

Read more: Sweden Moving Towards Cashless Economy

http://www.cbsnews.com/8301-202_162-57399610/sweden-moving-towards-cashless-economy/

http://www.davidicke.com/headlines/63354-sweden-moving-towards-cashless-economy

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