refusing to accept cash

Quote: JimRockford

... theft is pretty widespread.

There system is probably pretty good at catching people trying to steal wine or steaks. It's a tradeoff between the cost of employees and the cost of a handful of minor items getting pinched.

A friend of mine at work got in trouble because his friend left him a message to call Kermit the frog. He dialed a second time thinking he had misdialed. But the government was billed 2 pay phone calls for 50 cents apiece. Naturally, being the government, they sent a whole team of investigators to his workplace, including at least one highly paid executive.

The system of catching petty thievery will only get better.

Quote: JimRockford

Appearantly theft is pretty widespread.

Very widespread when you read industry journals particularly those containing articles written by the security companies who have an army of salesmen waiting in the wings.

Quote: Pacomartin

The Swedish government introduced the 200kr banknote as a more suitable denomination for ATMs (as in USA and Canada). Although they don't have a stated goal, I think they are trying to reduce the MAINSTAY OF CASH to less than $400 per person by next year.

Year: Millions of banknotes 1000kr =US$129 in Norway
2008 25.37
2009 24.38
2010 23.13
2011 21.68
2012 21.18
2013 19.80
2014 18.71
2015 17.95
2016 17.03
2017 15.63

Norway seems to be following the Sweden with regard to banknote circulation, they are just not as far along. They haven't produced a single 1000kr banknote in over a decade and the number of notes in circulation is gradually diminishing as the old ones are turned in and destroyed.

Also, like Sweden, Norway has a design for a new 1000kr banknote which will be issued in 4th quarter of 2019.


What Sweden did, however, was only to issue a token number of the new 1000kr banknotes (roughly 1 for every 3 people) and then declared the old notes invalid.

Norway is circulating slightly less value in banknotes than Sweden, but for a much smaller population. Norway is down to roughly US$1000 per capita in banknotes
42.43kr billion Norway for a population of 5.3 million
48.68kr billion Sweden for a population of 10 million

Southwest Airlines would not accept cash for a beer on the plane. Only CC or coupon.

Quote: SOOPOO

Southwest Airlines would not accept cash for a beer on the plane. Only CC or coupon.

I think that's the case with just about all airlines these days
I just stopped by my local Costco today.
I think they are credit card only.

Quote: SOOPOO

Southwest Airlines would not accept cash for a beer on the plane. Only CC or coupon.

That one makes sense when you consider how many times have you been on a plane and they asked people if they could break a bill? That would be after the stewardesses went into their own kick to break it. LUV of all airlines is not going to put a change pouch in each plane that would need balanced each day.

Quote: AZDuffman

LUV of all airlines is not going to put a change pouch in each plane that would need balanced each day.

We have all this transit card technology to avoid collecting small amounts of cash. There must be some way to generalize it for small purchases. You load the card up with $50 and you spend it.

Paco are the debit cards in the US not already tap-and-go? They have had it for several years in Canada.

Quote: kenarman

Paco are the debit cards in the US not already tap-and-go? They have had it for several years in Canada.

http://www.nasdaq.com/article/contactless-tap-and-go-cards-finally-enter-us-market-cm877586

The USA has been way behind in this technology. Basically they have been available only for the last three months. You see a lot of advertisements recently.




I know that Canadian $100 banknotes per capita have been increasing in recent years.
2012 9.48
2013 10.03
2014 10.56
2015 11.50
2016 12.09

USA $100 banknotes per capita are still three times as plentiful. but at least 2/3 are circulating overseas.
2012 27.49
2013 29.24
2014 31.85
2015 33.73
2016 35.74

But the point is that Canada has not even started to level off it's currency supply. Sweden basically hit a plateau for about six years before they started decreasing the supply. There is an impression that Canadians are more advanced than Americans in the process of replacing cash transactions. The impression is partly since Canada is much more logical about coins.

Quote: kenarman

Paco are the debit cards in the US not already tap-and-go? They have had it for several years in Canada.

And pretty much all Debit and Credit cards in the UK.

A neat feature on the London Transport system: Use your Credit/Deit card to tap and go at every gate or on any bus, and the system minimises your daily spend so it will usually be the cost of a daily travel card. How does the US transport system handle charging?