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The End of Cash

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Lauren La Rose, The Canadian Press

TORONTO — Maureen Turner still makes a point of carrying coins and bills in her wallet — but not for her own personal use.

“I have four kids, and often the teenagers will say: ’I need $20 for lunch at school,”’ says the Georgetown, Ont., resident, whose children range in age from five to 15.

“I keep cash in my wallet sometimes just for my kids. Anything else I don’t see why I would need it.”

Turner, a 42-year-old account executive and social media strategist for a PR firm, relies on her debit card for purchases, and also uses mobile apps for banking and coffee runs at Starbucks.

People paying and using their iphone at the local  coffee shop.  Instead of using cash,you could use digital apps for banking and coffee and relies on individuals debit and credit cards for everything else.

Many individuals among a growing number of Canadians finding there’s no longer a real need to carry cash.

An online survey of 1,000 people conducted by processing payments firm Moneris earlier this year found that 77 per cent of respondents preferred to pay for purchases by debit or credit card, and 65 per cent said they rarely buy anything with cash anymore.

Some  individuals keep cash in my wallet sometimes just for my kids. Anything else I don’t see why I would need it

Moneris data shows a 162 per cent increase in tap transactions for the third quarter of this year compared to the same period in 2014.

Most Canadian banks have their own mobile apps that allow for some tap-based purchases — although there are varying limitations around which credit cards can be attached to accounts, what mobile operating systems are compatible, and which wireless carriers are on board.

2015 also saw the official launch of Apple Pay in Canada, although it, too, is limited. It’s only compatible with the newest iPhones and the Apple Watch, and can only be linked up with an American Express credit card.

David Wolman says he encountered just a few hiccups when he decided to shun cash for a year, which he documented in his book “The End of Money.”

Source: http://news.nationalpost.com/
While Apple has not listened to my complaints ...
While Apple has not listened to my complaints about its iPhone in app donation policy, Google and Microsoft are all ears. I received a Windows 7 phone from Microsoft and Nexus S Android phone from Google. Now I have a Smartphone for each hand and will be exploring best practices in nonprofits, social media, and mobile during the next year. www.bethkanter.org/mobile-nonprofit/ (Photo credit: Wikipedia)