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posted by Fnord666 on Wednesday December 26 2018, @09:04PM   Printer-friendly
from the All-your-credits-are-belong-to-us dept.

A cashless society is a wet dream for some, a nirvana for others, and hell in a mall for retailers unable to collect payment for goods. The latter is what happened to ANZ and Westpac customers this boxing day where EFTPOS systems failed, leaving businesses to ask customers to pay in cash. For busy shops during boxing day being unable to process payments by card is a nightmare. This type of system wide failure puts a stake in the idea of a cashless society. In order to go fully cashless the credit systems backing payments for retailers must be robust enough to survive this kind of scenario. Which, with the state of today's technology, looks likely to happen any time soon.


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  • (Score: 0) by Anonymous Coward on Wednesday December 26 2018, @10:51PM (1 child)

    by Anonymous Coward on Wednesday December 26 2018, @10:51PM (#778772)

    Either that, or drop bears got to the cables.

  • (Score: 0) by Anonymous Coward on Thursday December 27 2018, @10:58AM

    by Anonymous Coward on Thursday December 27 2018, @10:58AM (#778958)

    This is BS
    Everyone knows drop bears don't eat plastic