From WILL - Focus -

Going Cashless?

Did you get stung by the Schnuck’s debit card security breach? Second guessing how often you pay with plastic? This hour on Focus, we’ll talk about what it would be like to live in a cashless society.


(Duration: 51:38)

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Fewer and fewer people are regularly carrying cash. Carrying cards seems easier, and paying with plastic leaves a handy electronic record to track where your money goes. But with lots of questions circling about cyber-security and a security breach that compromised more than 5,000 debit/credit card users in the area, isn’t there a huge advantage to paying with cash money? This hour on Focus, we’ll talk about money, currency and what it would be like to live in a world without cash. David Wolman, author of “The End of Money: Counterfeiters, Preachers, Techies, Dreamers – and the Coming Cashless Society” and Professor of Finance Charles Kahn join us. Kahn is a consultant at the Federal Reserve Bank of Chicago and has written about payments economics and identify theft.