Your Cash is Now Worthless
Your Cash is Now Worthless
By JP Behrens
Forget paper money, it means nothing in this new age of high technology and debit check cards.
Almost every customer service oriented business is set up to accept credit cards. Even McDonalds and Burger King are swiping cards these days for their customers.The last bastions of cash necessary mechanisms were the parking meter and the vending machine.Well, start bottling up your change, because they've fixed that, too.
In Canada, a private company Verrus Mobile Technologies is spearheading the move to use cell phones to call in payments for parking meters.This isn't the first time cell phones have been used as debit cards.
In various European countries, cell phones can be waved in front of vending machines and are set up to deduct money from your bank account to pay for items.Verrus has found that not only is it more convenient for the customer and meter police alike, but it will cut down on the wear and tear of the machines.
Customers are also paying more into the meters than they normally would, and the city of Vancouver is making record amounts of money on the 8,000 meters currently set up.Plus, Verrus is earning 30 cents per transaction, which the driver pays as well, and they are calling it a convenience fee. In any event, your cash money is become more and more obsolete. Debit cards and cell phones are ready to destroy the paper dollar and replace it with electronic transactions.Every Christmas, on-line sales increase and the Internet doesn't accept cash or check. Only cold, hard plastic.
One company that is already positioned to profit from the electronic evolution is Micros Systems (NASDAQ: MCRS).
Companies to Watch
Micros Systems (NASDAQ: MCRS)
Candela
Optibase
Universal Display Corp.
Wright Medical Group
Plug Power Inc.
Ballard Power Systems Inc.
Astronics Advanced Electronics Systems
posted by Victor Lloyd Smith @ 5:44 PM
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