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ECash

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E-Cash. Heralding a New Age: The Cashless Society. Advantages. Easier Bookkeeping ... All Debit and Credit Cards protect the consumer in the event that they are ... – PowerPoint PPT presentation

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Title: ECash


1
E-Cash
  • Heralding a New Age
  • The Cashless Society

2
Advantages
  • Easier Bookkeeping
  • Greater Theft Protection
  • Cuts Costs for the Government
  • This is the FUTURE!!

3
Easier Bookkeeping
  • E-Cash will assist both businesses and
    individuals, by allowing a record of every
    transaction made.
  • This can be particularly beneficial during tax
    season.

4
Greater Theft Protection
  • All Debit and Credit Cards protect the consumer
    in the event that they are stolen.
  • It is more difficult to use a stolen credit/debit
    card than cash.
  • Monetary losses are significantly lowered in the
    event someone IS able to use the stolen cards.

5
Cuts Government Costs
  • Every year, the government spends millions of
    dollars on production, research, and development
    of Cash.
  • E-Cash would free resources dedicated to fighting
    counterfeit bills.
  • Having a solid record of transactions would
    reduce tax fraud.

6
This is the FUTURE!!
  • Lets face it, many of us already live off of our
    Debit and Credit Cards.
  • The road to a cashless society is already paved
    for us.
  • Today, the idea is much less radical as it was
    just 5 10 year ago.

7
Options
  • Debit Cards
  • Credit Cards
  • Pre-Paid Cards
  • Smart Money Cards
  • Can store value for future use, but unlike
    pre-paid cards, include a secure micro-chip
    holding the balance.
  • ATMs
  • ATMs already exist which dispense a credit
    slip redeemable at the retailer in which they
    reside
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