What is a Cashless
Society?
what is says
Exactly
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-

impact-1264.php
http://news.bbc.co.uk/2/hi/business/7894666.stm

http://www.washingtonblade.com/2003/12-

19/news/national/SalvationArmy.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


Web Site Link
Our Awesome Website Link
