Credit Cards Online Information

The money in your wallet...the change in your pocket...they are all on the verge of becoming obsolete - relics of a past where a person had to actually hold tangible currency that equaled a specific value set by a government. The jar of coins you now have in your home will become a collector's item or a conversation piece; much like stone beads or gold doubloons are now.

Some outrageous statements? Perhaps. Impossible you say? Perhaps not.

Smart cards and electronic cash are the future whether we are ready for it or not. Some proof? How about the increasing use of credit cards for purchasing goods and services, the increasing availability and use of long-distance phone cards that hold a specific value (money and time), the increasing use of student IDs on campuses for purchasing everything from books to lunch to beer, and the creation of the debit/credit card? Several European countries are using smart cards on a regular basis. Companies such as Quicken and CheckFree that allow you to pay bills and conduct other transactions electronically are becoming increasingly available. I could go on and on.

The Internet is pushing this need/demand for electronic payments. The desire is to have the safe, secure, and anonymous ability to make purchases online or in a real store as if you were using hard currency. Some factors to consider: credit cards leave a paper trail for marketers to follow (not to mention the interest rates), currency can be stolen and used by anyone, and paper checks are inefficient.

# posted by Medical Information : 11:39 PM