SoylentNews is people
SoylentNews
posted by
Fnord666
on Wednesday December 26 2018, @09:04PM
from the All-your-credits-are-belong-to-us dept.
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.
This discussion has been archived.
No new comments can be posted.
Widespread EFTPOS Outage is a Stumble for an Aussie Cashless Society
|
Log In/Create an Account
| Top
| 16 comments
| Search Discussion
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
Power tends to corrupt, absolute power corrupts absolutely.
-- Lord Acton
(Score: 0) by Anonymous Coward on Thursday December 27 2018, @08:54AM (1 child)
It's sarcasm :)
What would it take to get the banks to upgrade their systems to the point where this type of problem is negligible?
(Score: 1) by fustakrakich on Thursday December 27 2018, @05:41PM
On the contrary, the need for a computer is not an 'upgrade'. They need to roll back to the system that has worked for thousands of years (magic beans and cows), no electricity required.
La politica e i criminali sono la stessa cosa..