Read all about the Grand Numismatic Alliance
Started by Pabitra, March 18, 2019, 06:42:32 PM
0 Members and 1 Guest are viewing this topic.
Quote from: cmerc on December 17, 2021, 02:24:19 PMCivilization, as we know it, will collapse at some point. Cash will certainly be needed at that point!
Quote from: chrisild on December 17, 2021, 03:39:09 PMIf civilization actually "collapses", that may well include cash management and circulation.
Quote from: chrisild on May 25, 2022, 05:41:56 PMYesterday was Disaster Day for many German retailers. Now that "cashless" has become popular (for various reasons including the pandemic and contactless payments), payment terminals that do not work can be a major problem ...Lots of stores, gas stations and other businesses that use a certain type of terminal (Verifone H5000) suddenly were out of luck yesterday and still are today. The machines, apparently quite popular here, did not work - no debit cards, no credit cards, neither contactless nor with "inserted" cards. Nada. German news here or there for example - or just do a web news search for H5000. Problem is that, if the customer's card has an issue, s/he can try a different card, or use cash of course. But if the devices or their software are at fault ... Sure, pretty much every place affected would accept cash, but for some people that meant an extra trip to the nearest ATM. Except that these days the number of those machines is going down as well. If you actually need cash, you can "buy" it at a grocery store, and the amount shows up on your card bill. Wait ... card? Errrm.
Quote from: FosseWay on May 26, 2022, 01:36:26 PMBut what no-one seems to grasp is that virtually all retailers these days have electronic points of sale, even for cash transactions. It's no more possible to account for a cash transaction during a power cut than it is for a card transaction if everything gets sent through the same electronic system at the cashier's terminal.
Quote from: chrisild on May 26, 2022, 02:34:37 PMNot sure whether the "H5000 problem" has been fixed by Verifone by now.
Quote from: chrisild on May 27, 2022, 09:50:40 PMThen again, the last three times I wanted to pay with a card (yesterday and today): Grocery store – no problem. Bakery – no problem. Gas station – no problem. They all use "non-H5000" devices ...