BNET Business Dictionary
Business Definition for: Cashless Society
- a society in which all bills and debits are paid by electronic money media, for example, bank and credit cards, direct debits, and online payments
Additional Resources
- Shoe retailers shun the cashless society concept. (cash cards)(includes related article on pilot launch of Visa Cash cards in Atlanta, Georgia)
- Shoe retailers are apprehensive about the benefits of cash cards. The idea of a cashless society is being perpetuated by bank and credit card companies. The cards offer the convenience of carrying less cash but do not offer any security benefits as they cShoe retailers are apprehensive about the benefits...
- Research articles 1996-08-12
- Visa Study: Majority of Baby Boomers and Echo Boomers See a Cashless Society
- FOOD AND BEVERAGE CLOSE-UP-29 August 2007-Visa Study: Majority of Baby Boomers and Echo Boomers See a Cashless SocietyC2007 - CloseUpMedia - newsdesk@closeupmedia.com
- Research articles 2007-08-29
- Internet Heralds Cashless Society
- WASHINGTON _ A day in the financial life of a future consumer may begin something like this: Wake up, log in, download some e-cash into your PCs hard drive, then go cruise the virtual mall. It's on the verge of happening, experts told Congress on...
- Research articles 1995-07-26
- France Takes Shot at Cashless Society.
- By Kim HouseGo, Daily Camera, Boulder, Colo. Knight Ridder/Tribune Business News Feb. 2--PARIS--France is leaping toward a cashless future with a nationwide launch this year of computerized "smart cards," a concept that has so far failed to entice many American, British and...
- Research articles 2003-02-02
- Momentum building toward "cashless" society.(front page)(Brief article)
- While futurists have spun predictions of a "cashless" society since the middle of the fast century, momentum is gathering that may turn this vision into reality in as little as 10 years. New research from TowerGroup finds that a combinati While futurists have spun...
- Research articles 2006-04-01
- Acceptance of American Express Card Gives Properties the Edge in Hot Rental Market; New Independent Research Finds Credit Card Rewards Significantly Impact Rental Decisions
- NEW YORK -- American Express today announced the results of an independent research study regarding consumers' attitudes towards automatic rent payments on credit and charge cards. The research indicates that just as Americans have embraced the cashless society, America's renters are equally eager for a checkless society as well.
- Research articles 2005-06-14
- eFunds, IBM and Infomax Team With ITMX to Bring Thailand One Step Closer to a Cashless Society; New National Payment Network Automates Transaction and Settlement Processing for Thailand's Banking System.
- SCOTTSDALE, AZ, Jan 11, 2007 CCNMatthews via COMTEX -- eFunds Corporation (NYSE: EFD), the company that delivers innovative payment processing and information intelligence solutions, today announced it has teamed with IBM (NYSE: IBM) and Infomax to SCOTTSDALE, AZ, Jan 11, 2007 CCNMatthews via COMTEX -- eFunds...
- Research articles 2007-01-11
- Dreams of a cashless society; Virtual money v the real thing.(Finance and Economics)(the increasing use of online payments, such as through PayPal)
- WHISPERING into your wristwatch or waving your mobile phone could one day be enough to trigger a whole host of (with luck, intentional) financial transactions. The bargain might be anything from paying a newsagent to downloading digital music, buying WHISPERING into your wristwatch or waving your...
- Research articles 2001-05-05
- eFunds, IBM and Infomax Team With ITMX to Bring Thailand One Step Closer to a Cashless Society
- eFunds Corporation (NYSE: EFD), the company that delivers innovative payment processing and information intelligence solutions, today announced it has teamed with IBM (NYSE: IBM) and Infomax to implement a new national payment network for National Interbank Transaction Management Exchange ITMX in Thailand.
- Research articles 2007-01-12
- Smart cards signal a cashless society. (stored value cards)
- Stored value cards have tremendous potential since they could eventually evolve into a viable alternative to cash. Not surprisingly, these cards have become the focus of ambitious product development projects by financial services firms such as MasterCardStored value cards have tremendous potential since they could eventually evolve into a viable...
- Research articles 1995-04-01
- Got Brass in Pocket? Brits Turning Away from Plastic
- Though the United States seems headed toward a cashless society, in the United Kingdom more people use cash at retail than they did six months ago, a survey finds. Surveying 17,000 retailers, the British Retail Consortium found 60 percent of transactions were completed in cash, up from...
- Blog posts 2008-04-24
- Park & pay: the University of California at Santa Barbara is eliminating long lines with a park-and-pay-by-cell phone system.(Enterprise)
- The United States increasingly is becoming a cashless society, although one of the purchases that has resisted that trend is the ubiquitous parking meter. In many places, quarters and dollar bills still have to be kept around to feed these hungry contraptions. ...
- Research articles 2005-05-01
- Japanese look at fingers as credit cards
- TOKYO AFP — Taking the idea of a cashless society to a new level, a Japanese company said Monday it will try out a way to let customers pay simply by scanning their finger. The system uses biometric technology to identify the veins on a person's finger, which can...
- Research articles 2007-07-23
- Q I Technologies - cashless society becoming a reality
- VANCOUVER, British Columbia--BUSINESS WIRE--Nov. 29, 1995-- Instant cash is the preferred method of payment around the world, accounting for between sixty and ninety percent of all transactions.It is estimated that about seventy-five percent of all transactions in Canada are made with cash. Last year $1.8 trillion was spent worldwide...
- Research articles 1995-11-29
- AT&T To Disconnect Coin-Operated Long Distance
- The cashless society is a step closer to becoming a reality. AT&T [T] has asked the Federal Communications Commission for permission to discontinue long distance coin calling from so-called "dumb phones," which require network signaling to track, rate, time, terminate and, when necessary, return coins to customers. The...
- Research articles 2001-07-24
- The Benefits Of Accepting Card Payments
- The popularity of credit and debit cards continues to grow in nowadays' increasingly cashless society. Consumers are paying with cards more than ever before; in fact over 81% of American households are now using at least one credit card. Be sure to display signage showing all the different cards you...
- White papers 2009-01-01
- Digital wallet still a dream, but Amex starts a Blue with smart card.
- Jul 28, 2001 The Australian Financial Review ABIX via COMTEX -- American Express released the Blue card in Australia during late July 2001. Few Australian EFTPOS machines are capable of reading the smart chip embedded in the card, although ANZ is moving to...
- Research articles 2001-07-27
- In E-Commerce World, Don't Bank on Cashless Society
- For the past three decades, even longer, the world has been gearing up for the vaporization of cash. Credit cards, ATMs, direct PC links to financial institutions, debit cards, online banking and smart card technology are supposed to move consumers and business owners away from carrying greenbacks in their back...
- Research articles 2000-10-01
- The Atlanta Journal-Constitution Retailing Column.
- By Renee DeGross, The Atlanta Journal-Constitution Knight Ridder/Tribune Business News May 1--DEBIT CARDS INCREASE IN POPULARITY: The cashless society is gaining ground. Visa reports that use of its debit cards worldwide outpaced credit cards for the first time last year. ...
- Research articles 2004-05-01
- The Salvation Army "Rings" in New Technology to Allow Card Donations at Red Kettles
- The Salvation Army in Southern California this year modernized its time-honored red kettles with card scanning technology that accepts card payments in addition to cash. "In today's increasingly card-based, cashless society, many would-be kettle donors have the desire to help, but no cash in their wallet," said Major Victor...
- Research articles 2008-12-23
