A cashless society might just be around the corner. My wife went to a Nordstrom’s clothing store the other day and tried to pay for an item with cash. The cashier did not know what to do. She called her manager and the manager indicated that cash is frowned upon. I knew check writing was becoming obsolete, but cash? This caused me to do some research and here is what I found:
”The store of the future will not feature long check-out lines or any lines for that matter, according to retail experts and a recent survey from CompTIA predicting that traditional point-of-sale (POS) solutions will soon look archaic. Although only 13 percent of retailers polled said they’re currently testing a mobile POS, another 19 percent said they will begin tests in the next 12 months. And that number will steadily climb over the next few years as retailers look for ways to provide customers with faster and better service, said John Kenney, SVP of business development for Stella Nova Technologies Inc.”
Ready for a ride? Now stay with me on this one…if check writing and cash will no longer be viable ways for sale transactions, then it is no wonder why identity theft is one of the top crimes in America today. Therefore, in order to help the customer battle ID theft, we must come up with a solution. What if we do away with bankcards and credit cards altogether to avoid the whole identity theft problem? What if we just link our bank accounts to a number assigned specifically for each one of us and then place those numbers somewhere so only the owner of that number would have access to it? But where… (Revelation Chapter 13, Verses 16 – 18)?
If this blog topic interests you, may I suggest you read the book Donovan’s Law. People are reading it…4 maybe 5 people…but they said, “It’s a futuristic thriller based on today’s headlines”.