Tuesday, August 21, 2007

A Cashless Society: A Future Of Our Own Making

The notion of a cashless society has been around for quite some time. The first mechanical cash dispenser was built by Luther George Simjian in 1939 and was installed in New York in 1939. However lack of customer adoption resulted in it being removed six months later.
The electronic cash machines we know today were invented a quarter-of-a-century later by Hampshire printing firm, De La Rue; the same company behind high-security paper and printing technologies used in the printing of bank notes. Actor Reg Varney from the popular 1960s TV sit-com ‘On The Buses’ was the first person to use the new cash machine, which was seen to be a strong guerrilla marketing tactic and designed to ensure public adoption of the electronic cash dispenser. As a result, the cas View the rest of this article


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