What price a cashless life?

Bendell, Jem (2015) What price a cashless life? New Scientist, 226 (3024). pp. 24-25.

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Official URL: https://doi.org/10.1016/S0262-4079(15)30517-0

Abstract

Paying for things with the wave of a card or phone is convenient, but it also creates sinister risks, warns Jem Bendell. CASH is no longer king. The latest figures show that in 2014, the total number of cashless transactions overtook ones using cash for the first time in the UK. The change can be attributed to new technology – apps for phones and contactless systems that allow you to pay by waving a card or a phone over a terminal. Many other countries see similar trends. It's convenient, but are there downsides to a cashless society? Banks have proved to be poor guardians of the public interest and tech firms disrespectful of our privacy, so it is right to ask this question. Our research for the free online Money and Society course at the University of Cumbria, UK, identified four key concerns.

Item Type: Article
Journal or Publication Title: New Scientist
Publisher: Reed Business Information Ltd.
ISSN: 0262-4079
Departments: Institute for Leadership and Sustainability
Additional Information: Published in 'Opinion - Comment' section.
Depositing User: Anna Lupton
Date Deposited: 04 Jan 2016 16:43
Last Modified: 18 Mar 2017 03:46
URI: http://insight.cumbria.ac.uk/id/eprint/1948

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