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 Post subject: Re: Irish Banks pushing for Cashless Banking?
PostPosted: Mon Jan 29, 2018 1:08 pm 
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Too Big to Fail

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Location: Cathair na dTreabh
Not-for-profit Sparkasse banging on our door trying to get in. It's up to our politicians, on a german junket, if they want to shake up our "dysfunctional market"
10yr mortgage at 1.1%? - No thanks, we're Irish.

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 Post subject: Re: Irish Banks pushing for Cashless Banking?
PostPosted: Mon Jan 29, 2018 1:37 pm 
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Old Time Landlord

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Posts: 371
Location: Middle Earth
In Shanghai last week I got to see the Alipay and Wechat integration in action, cash is 99% gone. Also saw a fast food restaurant with no till's - QR codes printed on the tables beside each menu item, you scan the code for the item you want, it's paid for through alipay and a staff member takes it from the kitchen a few minutes later to your table - no epos of any kind in the building.


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 Post subject: Re: Irish Banks pushing for Cashless Banking?
PostPosted: Wed Feb 14, 2018 9:45 pm 
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2018 Apple shareholders meeting highlight.

Quote:
Cook said mobile payments have "taken off slower than I personally would have thought." Adoption is speeding up though in key countries like China and Russia. Cook also said he hopes he'll still be alive "to see the elimination of money."


:nin

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 Post subject: Re: Irish Banks pushing for Cashless Banking?
PostPosted: Wed Feb 14, 2018 9:49 pm 
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Too Big to Fail
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Quote:
Cook also said he hopes he'll still be alive "to see the elimination of money."


He'll probably see it in Ireland if FF get back in again :D

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 Post subject: Re: Irish Banks pushing for Cashless Banking?
PostPosted: Wed Feb 14, 2018 10:03 pm 
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Too Big to Fail

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NegativeEquity wrote:
Quote:
Cook also said he hopes he'll still be alive "to see the elimination of money."


He'll probably see it in Ireland if FF get back in again :D


What's the going rate for bundles of sticks to a heavy pig?


:-GC

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 Post subject: Re: Irish Banks pushing for Cashless Banking?
PostPosted: Tue Apr 03, 2018 4:44 pm 
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Posts: 1906
The Swedes who are pioneers of the cashless idea are having second thoughts as they closer to going cashless. The main points are that going cashless leaves the system in the hands of private organisations e.g VISA and Mastercard and if a part of their country was invaded by say Russia that it shut down the cashless system, install it's own, rob what's there.

The Guardian wrote:
.....There are signs this might be changing. In February, the head of Sweden’s central bank warned that Sweden could soon face a situation where all payments were controlled by private sector banks.

The Riksbank governor, Stefan Ingves, called for new legislation to secure public control over the payments system, arguing that being able to make and receive payments is a “collective good” like defence, the courts, or public statistics....

....says Björn Eriksson, 72, a former national police commissioner and the leader of a group called the Cash Rebellion, or Kontantupproret.

Until now, Kontantupproret has been dismissed as the voice of the elderly and the technologically backward, Eriksson says.

“When you have a fully digital system you have no weapon to defend yourself if someone turns it off,” he says.

“If Putin invades Gotland [Sweden’s largest island] it will be enough for him to turn off the payments system. No other country would even think about taking these sorts of risks, they would demand some sort of analogue system.”.....

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 Post subject: Re: Irish Banks pushing for Cashless Banking?
PostPosted: Tue Jun 19, 2018 12:27 am 
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Debit card transactions overtook cash transactions in the UK last year for the first time, and over 40% of the card transactions were contactless.

https://www.theguardian.com/business/20 ... first-time

https://www.bbc.com/news/business-44496513

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 Post subject: Re: Irish Banks pushing for Cashless Banking?
PostPosted: Tue Aug 14, 2018 12:35 pm 
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FBI warns of imminent hack attack on ATM machines worldwide
Bank ATMs around the world are at risk of an "imminent" cyber attack with millions of dollars expected to disappear from accounts.
The criminals are reportedly planning to hack a bank or payment card processor and use cloned cards at cash machines around the world to withdraw millions of dollars in few hours.


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 Post subject: Re: Irish Banks pushing for Cashless Banking?
PostPosted: Tue Aug 14, 2018 6:53 pm 
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Too Big to Fail

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temene wrote:
FBI warns of imminent hack attack on ATM machines worldwide
Bank ATMs around the world are at risk of an "imminent" cyber attack with millions of dollars expected to disappear from accounts.
The criminals are reportedly planning to hack a bank or payment card processor and use cloned cards at cash machines around the world to withdraw millions of dollars in few hours.

RT,com, are there any other sources for that "scoop".

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 Post subject: Re: Irish Banks pushing for Cashless Banking?
PostPosted: Wed Aug 15, 2018 9:24 am 
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CNN, Telegraph, Independent, USAToday, CBSNews, ABCNews reporting the FBI warning

BBC - M&S hit by card processing problems


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