With more and more done electronically these days why would you need do use a deposit slip. Pay is paid directly into your bank.
Question about Chip & Signature credit cards
- Thread starter Mr. Laser Beam
- Start date
With more and more done electronically these days why would you need do use a deposit slip. Pay is paid directly into your bank.
I've been to restaurants in the US that have done this.
The State of Virginia was supposed to switch over to the chip in October. We know a lady who owned a small antique business who was threatened by fines if she didn't switch over and so she did. Meanwhile, some of the chain stores are taking their sweet time about it.
I use checks with family and my hairstylist. And paying my credit bill.
I haven't used one in years, if I need to pay in manually I use my card in one of those ATMs that lets you pay in as well as withdraw, but even that's only really when elderly relatives give you cheques.
Pretty much the same for me. Although I recently had to pay for a DVD from a veteran's group, because it was the only form of payment they'd accept.
And then you get people who are helpless if there's a problem with the cash register and they don't have a calculator on hand, so they don't know how to make change.
I remember receiving blank looks when I reminded a clerk that I was entitled to a 5% discount on some item. They didn't know how to calculate 5%. "So figure out 10% and take half of that," I'd tell them, figuring that they would understand decimals. They didn't even know how to calculate 10%.
So I told them the correct amount, and they asked, baffled, "How did you do that?" (I worked it out in my head, of course)
A society of electronic technology-dependent twits is being created, and that is NOT a good thing.
But in a cashless soceity there would be no need to give change as it would all be done electronically. And doesn't it really just depend on the EPOS system as to what it can and can't do?
But I would say being unable to work out 5% off something is more a failure of the education system than an EPOS system.
But as I work in the retail and a part of my job is going on a till, I find myself working out how much change is due before the till tells me how much is due.
What happens if the machine goes down or there's a glitch in the entire system? Do you tell a store full of people that they have to leave since you won't take cash?
Some people do have to leave, if they don't have cash on them. But those with cash can go ahead with their purchases.
I said that relying on machines makes people weak in basic math skills. There are far too many young clerks these days who rely on the electronic gizmos to tell them what change to give and what amount is 5 or 10 or 20% of the price that the customer gets as a discount. Without that electronic crutch, they don't have a clue.
At what point are they allowing calculators in school now - Grade 1? It seems that way sometimes. I had one for my Grade 9 social studies class, but that's because we had a project that needed a lot of calculations in a hurry. And some kids used theirs in the science class that year; I remember one of the kids in my chem lab group using a calculator for one of our assignments, and her friends copied her answers. I took my assignment home and worked everything out by hand. Yes, it took me a lot longer - but I'm also the only one in the group who got the assignment 100% right.
Calculators didn't become required until high school math and chemistry came along.
In a truly cashless society, there would surely be multiple redundant backups and safeguards to ensure the system can't fail.
In any case, when was the last time anything like that happened? Has there EVER been a time when the entire credit card system has failed? I would guess not.
In any case, when was the last time anything like that happened? Has there EVER been a time when the entire credit card system has failed? I would guess not.
Well it's rare for the card system to go downbut if it does it's usually down to a computer error or phone line error.
But cashless means of paying have overtaken cash
http://www.bbc.co.uk/news/business-32778196. With cash expected to fall to 34% of transactions (in the UK) by 2024.
But cashless means of paying have overtaken cash
http://www.bbc.co.uk/news/business-32778196. With cash expected to fall to 34% of transactions (in the UK) by 2024.
Yes.
A few years back I was working on "Cyber Monday," in a busy supermarket, due to a technical error with one of the Banks, their entire system went down all evening, it meant that if someone was trying to pay with a certain banking group (NatWest) and they didn't have cash, they couldn't pay.
If may be a pain in the arse for a customer not being able to get to get some shopping, making sure said shopping gets back where it needs to be before it thaws out or has been out of the fridge too long and needs to be thrown away is a whole lot worse.
Which likely means they couldn't use cash machines to withdraw money, so no cash. And they might not be able to find an open branch as more and more have been closed over the years.
I can agree with this. I mean, math was never my strongest suit (I never memorized the multiplication tables, and I was a B student at best in algebra), but this kind of basic arithmetic is pretty simple to think through. I got pretty decent at it when I had a sales-type job and had to quote numbers pretty much on the fly when a customer would ask about certain extra charges, discounts, and whatnot.
What exactly are they teaching in schools these days when it comes to decimals and percentages?
Would they be able to use the old method of making a receipt with a a rubbing of your card and having you sign it? I know one (rather old-fashioned) store that still does that, though they actually run your card electronically at the same time and staple the receipts together.
Kor
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Indeed, their entire system went down, no payment using chip and pins, no cash withdrawals from their system, no online payments and I think Direct Debits were affected too.
Which is a moot point, it occurred in the evening after branches had closed.
As for Cheques, I used to accept them as payment for subscriptions at Scouts and the wife writes one for her choir fee's but other than that, it's direct money transfers, even when I received my inheritances from my Dad and grandmother, no cheques were involved, the money went directly into my account.
And is that actually a problem? If you use a device to tell you something in your job, is it really such a crying shame that you can't do that sum without the device? Especially as that very inability suggests it hardly ever comes up? We use computers all the time to do things we couldn't do without them, and if they go down we just don't do that thing. Most people have lost other skills that were once commonplace too, like washing clothes without a machine, or sewing. People tend to retain only the skills that they have actual use for.
I'm specifically thinking of the old "knuckle buster" thing that all the stores used to use for credit card purchases, in the days before magnetic stripes and electronic swiping were the universal method. It's pictured and discussed in this WSJ article:
http://www.wsj.com/articles/will-credit-card-breaches-give-knuckle-busters-a-second-crack-1409365854
Kor
^ Yeah, I remember the "chunk-chunk" that used to be the standard way of dealing with credit cards. But I don't think anyone uses it anymore - I haven't seen it in years.
Besides, I think that credit cards nowadays are starting to be made WITHOUT embossed names or numbers, so the chunk-chunk wouldn't even work anyway.
Besides, I think that credit cards nowadays are starting to be made WITHOUT embossed names or numbers, so the chunk-chunk wouldn't even work anyway.
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