My practice

2. What is a Cashless
Society?
Exactly what is says
No paper money or coins
Everything is electronic

3. Software and Hardware
Used
 EPS – Electronic Payment System
 EFT- Electronic Funds Transfer
 Microchips/Smart Cards
 Fingerprints
 Retinal

6. Impacts of a Cashless
Society
 Transition process
 Education process
 Economic implications
 Universal acceptance
 What’s next?

7. Security Benefits
 Electronic means of recognition
 Verification records of all transactions
 Computer errors are far less common
than human errors

8. Security Risks
 Misuse of technology
 Potential for a new crime frontier
 Less regulation and scrutiny
 Economic woes

9. Cashless Controversies
 Much less privacy
 Wasteful spending
 People taking on more debt
 Bad for those who are reliant on cash

10. 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….

11. 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
 http://www.roguegovernment.com/images/10222/creditcards.jpg

12. Web Site Link