The March Towards A Cashless Economy

[mandy]

... the wheels are in motion to create an economy free of paper money and coins. The first steps of that quiet revolution have long been in place for years and touch tens of millions of consumers every day. This includes consumers rolling through tollbooths without stopping, their in-car transponders beaming information to an RFID (radio frequency identification) reader and triggering a process by which tolls are transferred from a credit card or bank account to the highway authority.

Millions more use SpeedPass devices to pay for gasoline, simply waving a key fob in front of a reader built into a gas pump, paying for gas without every opening their wallets.

Human habits and cultural attachments to the traditional idea of money may be the only hurdles that continue to prevent all payments from being made with the wave of a key fob or a ray of infrared light from a cell phone...

full article: http://www.ecommercetimes.com/story/lBOE...nomy.xhtml