Please wait...Cashless Society
05/17/2013 17:59
It was recently announced at the World Economic Forum in Cape Town, South Africa that MasterCard and the Nigerian National Identity Management Commission (NIMC) under the government of Nigeria would form a partnership to distribute a new identity card to every Nigerian citizen. The purpose of...
04/28/2013 09:28
That feeling of cold, hard cash in your pocket is doomed. Money, in the physical form that we know and love, is rapidly dying. In its place, credit and debit cards — and a host of newer technologies, such as smartphone-based payments and NFC transactions — are increasingly dominating our...
02/23/2013 08:10
RAPID CITY, S.D. (AP) — Futurists have long proclaimed the coming of a cashless society, where dollar bills and plastic cards are replaced by fingerprint and retina scanners smart enough to distinguish a living, breathing account holder from an identity thief.
What they probably didn't see coming...
09/03/2012 18:31
A lot of people gave up carrying much cash a long time ago, since they knew “plastic” - a credit or debit card, or a store or public transit “smart card” - would be accepted just about everywhere.
But to hear tech companies tell it, plastic cards will be museum pieces as well before...
04/24/2012 21:39
VoA: s Hard Currency Becoming A Thing Of The Past?
Doug Bernard | Washington DC
Daniel Suelo is a man who has figured out how to live without money. Making his home in a high cave near the desert outpost of Moab, Utah, Mr. Suelo lives, eats, sleeps, scavenges and does just about...
04/17/2012 19:42
CNet:
EU regulators are looking into competition concerns surrounding a joint venture in mobile payments by Everything Everywhere, Vodafone and O2.
EU regulators are looking into competition concerns surrounding a joint venture in mobile payments by Everything Everywhere, Vodafone...
04/07/2012 12:27
VancouverSun: On the cusp of the post-penny age, the Royal Canadian Mint is preparing to launch a digital alternative to all coinage and small bank notes — dubbed "MintChip" — which it hails as the natural next step in the "evolution of currency."
The concept was quietly introduced on...
04/04/2012 21:17
EconomicCollapse: 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...
02/29/2012 10:09
CNN: This is the fourth time I've covered Mobile World Congress and every year I arrive expecting to be unimpressed, thinking "surely, this year there's nothing new left to show" and every year I leave realizing the pace of change is just accelerating.
This year is no different: from...
11/25/2011 08:48
Telegraph: Research by Forrester, commissioned by PayPal, found that “2016 will be the year when UK shoppers will be able to use their mobile phones to pay for things on the high street with digital money rather than cash, cheques or cards”.
The findings are based on interviews with 10...
08/21/2011 10:06
RFID Journal:Aug. 19, 2011—German startup company MotionID Technologies has developed a system that it envisions could change the way people purchase goods and services, using RFID tags attached to a car's windshield to pay for parking as well as paying for hamburgers at a drive-through, or...
08/10/2011 21:32
The Keller Independent School District based in Keller, Texas has selected Radiant RFID to manage a new pay-for-ride bus transportation system. Using RFID tags and readers, the Radiant RFID solution will operate in much the same way as a city bus pass. Combined with Motorola’s FX 7400 readers, the...
08/10/2011 10:58
YahooNews: Visa said Tuesday that it is making an aggressive effort to push U.S. consumers onto credit cards with embedded security chips, a technology that has become prevalent overseas.
Visa also said that it sees an end to the common "mag-stripe" credit card, which the United States has...
08/09/2011 20:24
Visa Inc. V-N said it would accelerate the move to chip technology and speed up the use of mobile payments in the United States, as the world's largest payment processor tries to corner a share in the nascent smartphone payments market.
High-end smartphones are now shipping with “near-field...
08/03/2011 10:14
PlanetBiometrics: They are some of the hottest technology buzzwords around, so it's little wonder that technologists are salivating at the prospect of the coming together of Near Field Communications (NFC), biometrics and mobile wallets.
NXP, AuthenTec and DeviceFidelity claim to have...
08/03/2011 10:10
ThirdFactor: A new application for Apple’s iPhone and iPod called FaceCash offers face recognition as a means of identity verification for mobile-based payments made at brick and mortar points of sale, according to an International Business Times New York article.
Essentially, what the...
07/27/2011 21:32
Banks are so used to getting slapped on the wrist and having to pay civil fines, they’ve come up with a way to kill two birds with one stone.
You used to have to make a phone call to get bailed out of trouble. Today you can use a mobile payment app on your phone for certain services. But, tomorrow...
07/27/2011 04:55
DAILY RFID has announced the release of its latest RFID wristband deigned to for applications including audience access control for ticketed events and to VIP areas.
Each wristband also has a unique ID for tracking and tracing the audience in the party, also making it difficult for counterfeiting...
02/10/2011 18:39
From CNN and @mijadedios
01/30/2011 08:03
From Souidcard and @Endtimesnews:
The Polish government has drawn up plans for the country to become a predominantly cashless society within three years, it has been revealed.
The Finance Ministry is currently considering the merits of increasing the proportion of e-money payments...
One World Monetary System
05/21/2014 20:38
US Economist James Rickards’ New York Times best-selling book, The Death of Money: The Collapse of The International Monetary System, is an extensive reference work on the reasons the dollar will cease to be the world’s reserve currency and provides an overview of the current landscape of the...
04/25/2014 03:50
Willem Middelkoop and Terence van der Hout of the Netherlands-based Commodity Discovery Fund believe that when the world’s reserve currency is reset away from the U.S. dollar in the next decade, gold prices will rise and mining equities will follow. Van der Hout and Middelkoop tell The Gold Report...
01/30/2014 20:39
The World Bank's former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system.
"The dominance of the greenback is the root cause of global financial and economic crises," Justin Yifu Lin told Bruegel, a...
05/16/2013 15:16
Pope Francis has attacked the “dictatorship” of the global financial system and warned that the “cult of money” was making life a misery for millions.
He said free-market capitalism had created a “tyranny” and that human beings were being judged purely by their ability to consume goods.
Money...
01/24/2013 06:54
BRUSSELS - For those suffering from eurozone crisis syndrome, it is easy to forget that an economic world exists beyond the EU's borders.
For all the talk of recession and depression it would be a mistake to think that economies are in retreat the world over. In reality, most of the world is...
12/13/2012 06:43
Finance ministers have agreed to hand the ECB powers to police eurozone banks in a new phase of closer integration to underpin the euro
Now the current Italian prime minister Mario Monti is speaking in Brussels but will not be drawn on his future. He says:
It seems more...
11/15/2012 21:03
BRUSSELS - In Greek mythology, the Phoenician princess Europa was abducted and raped by the king of the gods, Zeus.
But her image will from next year replace pictures of windows and doors on euro banknotes as a security and deocrative feature.
"Portraits have long been used in banknotes...
10/25/2012 21:39
The financial crisis, the 2008/09 recession, the banking scandals that have followed, and today’s limping recovery are all linked. The common factor is the absence of a real international monetary and banking order. Only when such an order is restored will companies and consumers feel confident...
01/01/2012 07:37
Reuters: The euro could become the world's leading currency in the next decade if leaders of the single-currency bloc succeed in tightening fiscal integration, European Central Bank policymaker Christian Noyer said in an article to be published in the Journal du Dimanche.
European leaders...
11/17/2011 05:37
BI: Yesterday German Chancellor Angela Merkel came flat out and said, "To save the Euro we must Destroy Germany".
Well not exactly, but she may as well have because that is the implication. This is what she did say: Germany Is Ready to Cede Some Sovereignty to Save the Euro
Chancellor...
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