Prophecy in today's headlines

Cashless Society By 2012, Says Visa Chief


Peter Ayliffe said that, by 2012, using credit and debit cards should be cheaper and more convenient than cash.

Some retailers could soon start surcharging customers if they choose to buy products with cash, because of the greater cost of processing these payments, he warned.

Visa Europe briefed the British Retail Consortium last month on new “contactless” cards that can be waved in front of a scanner to make small payments.

However, the consortium dismissed this vision and claimed that card processing fees, which regulators are investigating, are still too high.

One member of the consurtium said that the estimated “interchange” fee charged to retailers amounts to some 4p for each transaction.

Nick Mourant, treasurer at Tesco, said: “There is a duopoly between Mastercard and Visa in the UK. Their setting of fees is anti-competitive.”


4 responses to Cashless Society By 2012, Says Visa Chief

  1. Ah; the clock is ticking! The Rapture is upon us. These are more “proofs” that Man’s 6,000-year self-rule is about to come to an end.

  2. the rapture of the is soon god is not going to tolerate this too long.

  3. Clock is a ticking! Are We setting examples as Christains as a light set on a hill? I check My own walk daily!

  4. Just as the euro was the spark that ignited the coming together of Europe to bring about the revived Roman empire. So this move away from cash is the spark that ignites the mark of the beast. All the chess pieces are on the board. Its now time for it to be played out.

Leave a Reply

Your email address will not be published.