Comments on: Cash is Back – At Least This Year http://countingoncurrency.com/wp/2009/12/04/cash-is-back-%e2%80%93-at-least-this-year/ a resource for cash supply chain management professionals Fri, 23 Jul 2010 00:12:16 +0000 hourly 1 http://wordpress.org/?v=abc By: Bob http://countingoncurrency.com/wp/2009/12/04/cash-is-back-%e2%80%93-at-least-this-year/comment-page-1/#comment-181 Bob Fri, 04 Dec 2009 14:56:08 +0000 http://countingoncurrency.com/wp/?p=1879#comment-181 I agree cash has a long and useful life as a payment medium! The large and growing number of unbanked, the underground economy, those uncomfortable with electronic records will all continue to be fans of cash. And by their very nature, these transactions are hard to track and report on. I wonder aloud if drug store issued cashiers checks are reported on. In the Detroit area my unscientfic personal experience seems to be I'm in line behind more and more cashiers check purchasers. And while these don't report as "retail sales" and it's one transaction, the number of notes transacted is usually large. As a cash hardware guy, I'm naturally thinking "you need to automate and secure this!!" As payment methods morph, I think cash will stay as strong as ever and cash will find it's own home in our world. I look forward to the posting on "unbanked". I agree cash has a long and useful life as a payment medium! The large and growing number of unbanked, the underground economy, those uncomfortable with electronic records will all continue to be fans of cash. And by their very nature, these transactions are hard to track and report on. I wonder aloud if drug store issued cashiers checks are reported on. In the Detroit area my unscientfic personal experience seems to be I’m in line behind more and more cashiers check purchasers. And while these don’t report as “retail sales” and it’s one transaction, the number of notes transacted is usually large. As a cash hardware guy, I’m naturally thinking “you need to automate and secure this!!”

As payment methods morph, I think cash will stay as strong as ever and cash will find it’s own home in our world.

I look forward to the posting on “unbanked”.

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