Post Tagged with: "cashless"

Consumers Use Mobile Banking, Just Not for Money Transfers

Consumers Use Mobile Banking, Just Not for Money Transfers

by February 16, 2017 at 10:30 am 0 comments

Despite all the digital efforts from financial institutions, consumers still don’t make use of their in-app money transfer functions. According to the February Monkey Insights report released by Malauzai Software, 100% of active users on mobile check their balance, but only about 16% of them transfer money. Is that reallyRead More

Cryptocurrencies Look Toward a Cashless World for Mass Adoption

Cryptocurrencies Look Toward a Cashless World for Mass Adoption

by January 31, 2017 at 11:29 am 2 comments

Blockchain is here to stay, in some capacity or another, but what’s less clear is the fate of cryptocurrencies. Bitcoin, ether, Zcash, and like coins could fade into oblivion — or be the mainstream method of transaction in a future where the only physical bills remaining are behind museum glass.Read More

Amazon Builds on Mobile Momentum with ‘Digital Day’

Amazon Builds on Mobile Momentum with ‘Digital Day’

by December 30, 2016 at 11:40 am 1 comment

E-commerce giant Amazon has just announced ‘Digital Day’— exactly like the company’s famed Prime Day, which achieved its best numbers this year, except for entirely digital products like e-books, music, and mobile games. The company’s Amazon Echo smart device for the home remains out of stock for the time being.Read More

(Permissionless) Blockchain Could be Key to the Cashless Kingdom

(Permissionless) Blockchain Could be Key to the Cashless Kingdom

by December 15, 2016 at 9:42 am 1 comment

Permissionless, permissioned. Cashless, cash-filled—two of the larger discussions currently underway in the fintech world. However, a recent paper by Coin Center’s Peter Van Valkenburgh suggests that the most beneficial way forward may be to merge the two. The paper, which can be viewed here, postulates that blockchain is ideally suited toRead More

Diebold Nixdorf Debuts ‘Extreme’ ATM — Tiny and Contactless

Diebold Nixdorf Debuts ‘Extreme’ ATM — Tiny and Contactless

by October 26, 2016 at 8:25 am 1 comment

LAS VEGAS — Contactless payments are not new — card-free ATM transactions have been seen at fintech conference for years now — but they are getting more buzz lately, especially as the industry continues to debate the possibility of a cashless society. How consumers will interact with their money in theRead More

Here’s What a Cashless Society Looks Like [VIDEO]

by November 3, 2014 at 9:45 am 0 comments

Want to know what a cashless society might look like? Check our Sweden, where cash is used in but 41% of transactions, compared to 55% in the United States — an appropriate preview to Money2020, which starts today in Las Vegas.

The Coming Econgularity: the Real Challenge to Civil Liberties

The Coming Econgularity: the Real Challenge to Civil Liberties

by December 16, 2013 at 12:33 pm 0 comments

Econgularity – a shorthand for economic singularity — is an ugly word I created to describe an unfortunately approaching moment in time when our current technological snooping prowess, the ease of Big Data manipulation, and our sprint to a cashless economy will converge in such a way as to permitRead More

Putting Pennies Out to Pasture

Putting Pennies Out to Pasture

by January 23, 2013 at 8:36 am 1 comment

Originally posted by Lenny Eskin on The Andera Blog. Follow us on twitter @AnderaInc! A penny for your thoughts? I should’ve probably offered a quarter instead, since a penny won’t incentivize anyone to share much of anything these days. Honestly, they aren’t even worth the time you’ve wasted thinking about the proposition.Read More

Imagining a Cashless Future

by November 14, 2012 at 9:05 am 6 comments

Financial innovations come in many shapes and sizes, but for the most part they all follow a general trend: they turn physical processes into digital ones. The so-called “payments revolution” has often made me wonder what will happen when innovation manages to displace the most physical aspect of finance, cash. In the financialRead More