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Cashless Australia
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vad:

--- Quote from: themadhippy on March 08, 2021, 08:42:28 pm ---
--- Quote ---How many people currently have stacks of cash on hand? If banks go out now, nobody would have access to the money anyway.

All those arguments are very tired and weak.
--- End quote ---
In a cashless society one failure and your screwed,for example the supermarkets cant  take cards,as has happened several times in the uk, no way to buy your shopping,however with the cash machines still working your able to get cash to pay for your goods

--- End quote ---

If payment gateway is down, merchants can do offline credit card processing.

If you are out of cash, I doubt supermarket will put your groceries on tab.
tom66:

--- Quote from: sleemanj on March 08, 2021, 09:52:58 pm ---
--- Quote from: themadhippy on March 08, 2021, 08:42:28 pm ---In a cashless society one failure and your screwed,for example the supermarkets cant  take cards,

--- End quote ---

I don't know about in the UK, but here in NZ if an EFTPOS terminal loses connection it will still work in offline mode, where in the merchant can process transactions with certain limits and those will be batched up and transferred when the network comes back online again.
--- End quote ---

Also works if the phone does not have a signal to do Apple Pay, etc.  The cryptographic authentication can work for some time before it requires a connection.
The only disadvantage is the phone doesn't track the payment amounts (that's done by the POS) without a signal, so if you pay without a signal/Wi-Fi you can get a confusing notification a few days later telling you, you've just made a payment of amount £x.
Cerebus:

--- Quote from: ataradov on March 08, 2021, 08:46:17 pm ---What is exactly the nature of the failure that makes all supermarkets not accept cards, but ATMs work?

--- End quote ---

When the people processing the card transactions for the supermarkets are not the same people doing the processing for the cash machines.

This actually happened around 3 weeks ago in the UK. The card processor that Morrisons and the Co-Op use for till transactions (ACI) fell over. I was in Morrisons when this happened and had to use some of the cash that has been sitting untouched in my wallet for a year. Other people had to trudge out to the cash machine outside (which was working) and trudge back in again with real cold hard cash.

Details here: https://www.bbc.co.uk/news/world-55805777
nctnico:

--- Quote from: ataradov on March 08, 2021, 08:25:15 pm ---How many people currently have stacks of cash on hand? If banks go out now, nobody would have access to the money anyway.

All those arguments are very tired and weak.

Also, with a major economic collapse your remaining cash on hand would be worthless anyway. Cash is worth anything only in a working economy.

--- End quote ---
I agree. I do have some cash on hand and some in my wallet but I never use it. NFC payments using a debit card are great. Over here it seems only old people use cash nowadays. If things are so bad I can't pay at the supermarket using my debit card they are likely not able to accept cash as well.
Stray Electron:
[quote author=vad link=topic=272910.msg3501174#msg3501174

If payment gateway is down, merchants can do offline credit card processing.

If you are out of cash, I doubt supermarket will put your groceries on tab.
[/quote]


    Not around here anymore!  Very few store even have the mechanical card swipe machines anymore and none of the brainless employees knows how to fill in a form.  I was in a store about 3 years ago and their PC based cash register was broken and they couldn't take credit cars so I offered to pay in cash. But the three employees, including a so called manager, in the store couldn't figure out to find the price of the item without a working computer. I tried to tell them that it was printed on the sticker on the shelf where the item was located but they wouldn't accept that. They also had NO idea of how to compute the sales tax and also didn't even know what the sales tax rate was!!!

  Like it or not, we're headed to a cashless society; the banks and credit card companies are pushing it so that they can take ~3% off of the top of every transaction, the government wants it so that they can get ALL of the sales taxes that they're due, the retail companies want it to in order to make their accounting and inventory control easier and so that they don't have to worry about robberies etc, and the new breed of brain-dead minimum wage of $15 per hour employees will require it!
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