[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

This Can Create Endless Green Energy WITHOUT Electricity

Geoengineering: Who’s Behind It and How We Stop It

Pam Bondi Ordered Prosecution of Dr. Kirk Moore After Refusing to Dismiss Case

California woman bombarded with Amazon packages for over a year

CVS ordered to pay $949 MILLION in Medicaid fraud case.

Starmer has signed up to the UNs agreement to raise taxes in the UK

Magic mushrooms may hold the secret to longevity: Psilocybin extends lifespan by 57% in groundbreaking study

Cops favorite AI tool automatically deletes evidence of when AI was used

Leftist Anti ICE Extremist OPENS FIRE On Cops, $50,000 REWARD For Shooter

With great power comes no accountability.

Auto loan debt hits $1.63T. 20% of buyers now pay $1,000+ monthly. Texas delinquency hits 7.92%.

Quotable Quotes from the Chosenites

Tokara Islands NOW crashing into the Ocean ! Mysterious Swarm continues with OVER 1700 Quakes !

Why Austria Is Suddenly Declaring War on Immigration

Rep. Greene Wants To Remove $500 Million in Military Aid for Nuclear-Armed Israel From NDAA

Netanyahu Lays Groundwork for Additional Strikes on Iran: 'We Didn't Deal With The Enriched Uranium'

Sweden Cracks Down On OnlyFans - Will U.S. Follow Suit?

Joe Rogan CALLS OUT Israel's Media CONTROL

Communist Billionaire Accused Of Funding Anti-ICE Riots Mysteriously Vanishes

6 Factors That Describe China's Current State

Trump Thteatens to Bomb Moscow and Beijing

Little Bitty

Vertiv Drops After Amazon Unveils In-House Liquid Cooling System, Marking Pivot To Liquid

17 Out-Of-Place Artifacts That Suggest High-Tech Civilizations Existed Thousands (Or Millions) Of Years Ago

Hamas Still Killing IDF Soldiers After 642 Days

Copper underpins every part of the economy. If you want to destroy the U.S. economy this is how you would do it.

Egyptian Pres. Gamal Abdel Nassers Chilling Decades-Old Prediction About Israel-Palstine Conflict.

Debt jumps $366B in one day.

Proof that Israel Has Lost the War: Sizable Portion of Military, Intelligence, Energy, and R&D facilities Destroyed

French police raid offices of Marine Le Pens far-right Rassemblement National


Business/Finance
See other Business/Finance Articles

Title: Ten more years of real money?
Source: [None]
URL Source: [None]
Published: Apr 30, 2015
Author: staff
Post Date: 2015-04-30 05:16:03 by Tatarewicz
Keywords: None
Views: 126
Comments: 4

We will still be using "real" money for at least the next 5 to 10 years, but financial transactions carried out using mobile electronic devices, such as smart phones and tablet computers, will increasingly become the norm during that time period, according to research published in the International Journal of Electronic Business.

Key Pousttchi and Josef Felten of the University of Augsburg and Jürgen Moormann of Frankfurt School of Finance & Management, Germany, explain how social media and mobile devices are being utilised increasingly by banks while the power of the individual customer is being augmented by the same technologies. Moreover, those technologies are also leading to novel financial services such as online bartering systems and virtual currencies, crowd funding and online social borrowing and lending. Given that the banking sector was among the first industries to widely adopt information technology -- everything from financial planning and credit-decision systems to automated teller machines -- none of this is any surprise.

However, in order to understand future trends, the team has carried out a Delphi study, a systematic and interactive forecasting methodology, the results of which suggest that mobile finance will continue to grow during the next decade in retail banking, but conventional transactions will remain largely predominant for at least another 5 to 10 years. Underpinning the evolution of finance is the perhaps too slow recognition by financial institutions that the relationship between customer and bank remains important and especially so in the age of social media and networking. In that era, everyone's opinion can count and a simple mistake or disinterest on the part of a corporation can become today's "viral" news story and a possible step down the road to ruin for the unwary company.

The team's study demonstrates that complex issues will continue to be dealt with through direct, personal communication while standard processes will be subsumed by new media tools providing customer and bank with the new typical form of access.

Journal Reference:

Key Pousttchi, Jürgen Moormann, Josef Felten. The impact of new media on bank processes: a Delphi study. International Journal of Electronic Business, 2015; 12 (1): 1 DOI: 10.1504/IJEB.2015.068305

Inderscience. "Ten more years of real money?." ScienceDaily. ScienceDaily, 21 April 2015. www.sciencedaily.com/releases/2015/04/150421084403.htm

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Tatarewicz (#0)

This just in too, by sheer coincidence. Sickening!

The War on Cash: Transparently Totalitarian

CLICK ON THESE RED WORDS TO READ IT :-)

.....The State of Louisiana banned “secondhand dealers” from making more than one cash transaction per week. The term has a broad definition and includes Goodwill stores, specialty stores that sell collectibles like baseball cards, flea markets, garage sales and so on. Anyone deemed a “secondhand dealer” is forbidden to accept cash as payment. They are allowed to take only electronic means of payment or a check, and they must collect the name and other information about each customer and send it to the local police department electronically every day...... Of the many times you post something and somebody corrects or disproves it, I hope this is one. Latest weird glitch: first 5 attempts to link story only took you to the article, not the lengthy interview below it--!!??

NeoconsNailed  posted on  2015-04-30   6:09:15 ET  Reply   Trace   Private Reply  


#2. To: Tatarewicz (#0)

Today cell phones, tomorrow some sort of biological connection. The "day" after that, pure enslavement.

Katniss  posted on  2015-04-30   6:48:48 ET  Reply   Trace   Private Reply  


#3. To: NeoconsNailed (#1)

allowed to take only electronic means of payment or a check, and they must collect the name and other information about each customer and send it to the local police department electronically every day..

Thieves tend to take stolen property to pawn shops for cash so this makes it much easier to locate stolen property and thief.

Tatarewicz  posted on  2015-05-01   0:27:40 ET  Reply   Trace   Private Reply  


#4. To: Tatarewicz (#3)

If you mean a cashless system will help catch criminals, I'm not impressed. The benefits outweigh the drawbacks in further huge swaths of lost privacy.

Pawnshops' prices are usually only pennies lower than new, so I wish they'd all go away.

NeoconsNailed  posted on  2015-05-01   0:36:42 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]