cashless powerpoint
DESCRIPTION
TRANSCRIPT
A CASHLESS SOCIETY?
What is a Cashless Society?
Exactly what is says No paper money or coins Everything is electronic
Software and Hardware Used
EPS – Electronic Payment System EFT- Electronic Funds Transfer
Microchips/Smart Cards Fingerprints
Retinal
Impacts of a Cashless Society Transition process Education process Economic implications Universal acceptance What’s next?
Security Benefits
Electronic means of recognition Verification records of all transactions Computer errors are far less common
than human errors
Security Risks
Misuse of technology Potential for a new crime frontier Less regulation and scrutiny Economic woes
Cashless Controversies
Much less privacy Wasteful spending People taking on more debt Bad for those who are reliant on cash
Final View
A cashless society would be very beneficial once everyone got accustomed to it even though it has it’s security risks and may leave some people in tough situations. Moreover, having everything done electronically leaves less likelihood for error and makes things more secure….
Works Cited http://www.creditcards.com/credit-card-news/cashless-society-impa
ct-1264.php http://news.bbc.co.uk/2/hi/business/7894666.stm http://www.washingtonblade.com/2003/12-19/news/national/Salvati
onArmy.jpg http://freespace.virgin.net/karl_and.gnome/Images/CHAIN.gif http://aftermathnews.wordpress.com/category/cashless-society/ http://www.youtube.com/watch?v=ybKSwuIHvL8
http://www.roguegovernment.com/images/10222/creditcards.jpg
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