Current Events – A Cashless Society

“And he [Satan] causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: and that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” Revelation 13:16, 17

“In the last great conflict of the controversy with Satan those who are loyal to God will see every earthly support cut off. Because they refuse to break His law in obedience to earthly powers, they will be forbidden to buy or sell.” The Desire of Ages, 121

Cash, after millennia as one of mankind’s most versatile and enduring technologies, looks set over the next 15 years or so finally to melt away into an electronic stream of ones and zeros. This week mobile-phone operators announced services that will allow people to use their handsets to remit money to those in other countries, even if both parties do not have bank accounts. Numerous mobile-phone shopping-systems are entering commercial use, especially in Asia. The Economist, February 15, 2007.

The Colorado State Fair is moving to a cashless system for the 2013 fair, in which fair-goers will use a card to buy their food, drinks and rides. With the cashless system, the Fair’s whole financial system runs more smoothly, and you only have one card to worry about during your visit.

Online bill pay can help you manage your bills without having to worry about paper bills and checks. Once you’re up and running, you can spend more time on the fun things in life. The first type of online bill pay (online bill pay offered by your bank) is a service that sends money out of your bank account to whoever you wish. In some cases these online bill pay services will actually print a check and mail it to the recipient. If the company you want to send payments to is setup within the banks system, the bank will simply transfer the money electronically when you use online bill pay.

Another way you can let online bill pay run on auto-pilot is to allow your service providers to pull money out of your account without you having to click anywhere. In other words, the service provider just “asks” the online bill pay company for payment and the payment is made without any activity on your part. If you authorize these types of payments, make sure you have a good handle on your budget and available funds.