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The Cashless Society Is Upon Us

In 5 years maybe 10, coin, currency and paper checks will be just about gone.
Mobile Devices lead by Smart Phones will become as common as footwear.
Yet some will chose to go bare foot.
Text, phone, email with any questions or comments.

It Took Thousands of Years but Cash is No Longer the Dominate Payment Method

The cashless society is upon usLake Forest, IL (August 19, 2019) Decision as school starts: currency or debit card for a 1st grader? Since there are more debit cards than Americans, and more debit card payments than currency and coin, this is not an easy decision. Michael Moebs, economist & CEO of Moebs $ervices, an economic research firm, notes, “For the first time in human history debit card transactions exceed cash transactions, and the use of debit card within a mobile device is growing more than plastic card.”
The Moebs Payment Study probes a vital question: As coin, currency, and check use fade; what will replace how payments are made? Read Full Article



Written By: m.moebs
Date Posted: 8/19/2019
Number of Views: 86

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