August 22, 2019

AMEX Brings Diginomics to NYC Taxi Cabs

The World of Diginomics takes another step forward as American Express announces its plan to bring a new payment system to New York City’s taxi cabs. According to Bloomberg BusinessWeek Technology (Oct. 21, 2013), “American Express (AXP) is introducing a new way to pay that it says will be even easier than a smartphone: your […]

Cardless ATMs allow you to get cash with your phone

It had to happen eventually: cashless diginomics reaching the antiquated ATM machine to withdraw cash. Your smart phone is the new digital key to cash withdrawal from a new breed of cardless ATMs. “Here’s how it works,” reports CNNMoney on Oct. 9. “Using an app on your phone, you can place an order for cash […]

Cashless trend is redefining money, and a central bank’s role as printer

“The world is quickly moving towards cashless or electronic payments. Seven countries, mostly in Europe, have already moved to an almost cashless society (over 80 per cent non-cash).” This is the announcement made by Microsoft at the annual Swift International Banking Operations Seminar (SIBOS) in Dubai the week of September 21. “The cost of using […]

Diginomic/IoT Parking Meters Ready for Real Time

KERBspace has unveiled a remarkable “smart” parking meter that does everything but serve curbside coffee. It has sensors that detect a vehicle in its parking space, down to the type of vehicle — whether it is a car or a truck. The driver pays with credit card or by phone. Wherever the driver may be […]

Bitcoin: Is It Too Big for Government to Ignore?

Bitcoin and other digital currency may find its way into government yet. The infamous “Bitcoin” — that “crytocurrency” unveiled in 2008 as a peer-to-peer electronic cash system — appears to be on the verge of going mainstream and Main Street. In an article release on July 29 by Government Technology magazine, this digital “coin,” which […]

Your Face Pays the Bill: The Latest in the Evolution of a Diginomic Society

The ability to pay for anything and everything without cash, checks, coins or cards has just taken a light-year leap into the future. A company in Finland, Uniqul,  has taken facial recognition technology (FRT) to the ultimate level … “pay-with-your-face” technology. “Forget credit cards and antiquated cash – even waving your cellphone seems old-fashioned compared […]

Next Generation to be Born into “Cashless” Society

According to the Forrester research group, children born today will be the world’s “first cashless generation” and will prefer their smartphones over their pocket wallets in making payment transactions. The target date for this transition: 2016. According to Carl Scheible, PayPal’s managing director in England, “By 2016, you’ll be able to leave your wallet at […]

The Move Toward Becoming A Cashless Society

CBSlocal.com reports (June 24, 2013) that “It seems Texans, like most citizens around the world, are moving toward becoming a cashless society.” In its 2013 Consumer Insights Survey, SWACHA – The Electronic Payments Resource® – announced “Direct deposit users are likely to save more” than their non-EDP counterparts. According to the survey, savings rates are […]

DIGINOMICS EXPANDS: PRIVATBANK PROMOTES GOOGLE GLASS FOR BANKING

Diginomics takes another major step forward. The Ukrainian bank PrivatBank has given customers a glimpse of what they will be able to do using Google Glass once it is available on general release. Make a deposit? Simply look at the check(s) to be deposited. Pay a bill? Focus on a QR code. Many, many innovations […]

New Retail POS Forecast Mobile Payments Evolution

According to its Annual POS 2013-2018 Forecast Report for the point-of-sale mobile payments industry, Javelin Strategy & Research predicts “the point of sale (POS) retail market towers above the online market and will continue to do so for years to come.” POS transactions constitute 93% of total U.S. retail dollar volume, the report notes. “But […]