Skip to main content
Home

Information for:

  • Alumni
  • Applicants
  • Current Students
  • Staff
  • Parents
  • Job Vacancies
  • Covid-19
  • Cymraeg
My country:

Main Menu

    • Clearing 2025
      • Clearing Courses
      • Apply Online
      • Call our Clearing Helpline
      • Clearing Live Chat
      • Offer Holder Hub
      • Book Clearing Open Day
    • Accommodation
      • Accommodation Guarantee
      • Find Your Perfect Room
    • About us
      • Virtual Tour
      • Why study in North Wales
      • Our Location
      • Student Clubs and Societies
      • Student Life
      • Reasons to study locally

    Clearing Open Days

    • Undergraduate
      • A–Z of Courses
      • Subject Areas
      • Clearing 2025
      • How to Apply
      • Already Applied
      • Offer Holders' Hub
      • Fees and Finances
      • Scholarship and Bursaries
      • Widening Access
      • Study in Welsh
      • Part-Time Study
      • Degree Apprenticeships
      • Study or Work Abroad
      • Work Experience
      • Student Accommodation
      • Pocket Prospectus
      • Academic Calendar
    • Postgraduate Taught
      • A-Z of Courses
      • Subject Areas
      • How to Apply
      • Fees and Finances
      • Scholarships and Bursaries
      • Executive Education
      • January Start
      • Part-Time Study
      • Short Courses and CPD
      • A-Z of Short Courses and CPD
    • Postgraduate Research
      • A-Z of Courses
      • Subject Areas
      • How to Apply
      • Funding
      • The Doctoral School

    Find a Course

    Clearing 2025

    Offer Holders' Hub

    Order a Pocket Prospectus

    Open Days

    Virtual Tour

    • Student Life
      • Student Life Home
      • Bangor and the Area
      • Social Life and Entertainment
      • Student Accommodation
      • Clubs and Societies
      • Sport
      • Virtual Tour
      • Videos and Vlogs
    • Your Experience at Bangor
      • Welcome 2024
      • Student Support
      • Skills and Employability
      • Study or Work Abroad
      • Fees and Finances
      • Student Ambassadors

    Student Profiles

    Student Videos and Vlogs

    Welcome Week

    Virtual Tour

    • Choose Bangor
      • International Home
      • Why Bangor?
      • Location
      • Accommodation
      • Student Support
      • Contact Us
      • Bangor University's China website
    • Apply
      • Entry Requirements
      • Tuition Fees and Scholarships
      • How to Apply
      • Already Applied
      • Study Abroad (Incoming)
      • Exchanges (Incoming)
      • Worldwide Partners

    Clearing 2025

    Country Specific Information

    Bangor University International College

    Find a Course

    • Research
      • Research Home
      • About Our Research
      • Research in our Academic Schools
      • Research Institutes and Centres
      • Research Portal
      • Integrated Research and Impact Support (IRIS) Service
      • Energy
      • REF 2021
      • Research News
    • Postgraduate Research Opportunities
      • Postgraduate Research
      • Doctoral School
    • Events and Training Opportunities
      • Researcher Development

    Royal Recognition: 2023 Queen's Anniversary Prize

    Bangor Research In Top 30 For Societal Impact In UK

    • The University
      • About Us
      • Our Mission
      • Strategy 2030
      • Annual Report & Financial Statements
      • Our Location
      • Academic Schools and Colleges
      • Services and Facilities
      • Vice-Chancellor's Office
      • Working with Business
      • Working with the Community
      • Sustainability
      • Health and Wellbeing
      • Contact Us
    • Working for Us
      • Job Vacancies
    • University Management and Governance
      • Policies and Procedures
      • Slavery and Human Trafficking Statement
      • Management and Governance
    • University and the Community
      • Pontio
      • Sports Facilities
      • Conference Facilities
      • Places to Eat and Drink
      • Public Events
      • Widening Access
      • Services to Schools
    • Business Services
      • Business Services Home
    • Collaboration Hub
      • Collaboration Hub
    • Conferencing and Business Dining
      • Conferencing Facilities
      • Business Dining
    • Intellectual Property (IP) and Commercialisation
      • Intellectual Property (IP) and Commercialisation
    • News
      • Current News
      • Research News
      • Student News
    • Events
      • Events
    • Announcements
      • Flag Announcements

    140th Anniversary

    Public Lectures

    • Clearing 2025
      • Clearing Courses
      • Apply Online
      • Book Clearing Open Day
      • Call our Clearing Helpline
      • Clearing Live Chat
      • Offer Holder Hub
    • Accommodation
      • Accommodation Guarantee
      • Find Your Perfect Room
    • About us
      • Virtual Tour
      • Why study in North Wales
      • Our Location
      • Student Clubs and Societies
      • Student Life
      • Reasons to study locally

    Clearing Open Days

    • Undergraduate
      • A–Z of Courses
      • Subject Areas
      • Clearing 2025
      • How to Apply
      • Already Applied
      • Offer Holders' Hub
      • Fees and Finances
      • Scholarship and Bursaries
      • Widening Access
      • Study in Welsh
      • Part-Time Study
      • Degree Apprenticeships
      • Study or Work Abroad
      • Work Experience
      • Student Accommodation
      • Pocket Prospectus
      • Academic Calendar
    • Postgraduate Taught
      • A-Z of Courses
      • Subject Areas
      • How to Apply
      • Fees and Finances
      • Scholarships and Bursaries
      • Executive Education
      • January Start
      • Part-Time Study
      • Short Courses and CPD
      • A-Z of Short Courses and CPD
    • Postgraduate Research
      • A-Z of Courses
      • Subject Areas
      • How to Apply
      • Funding
      • The Doctoral School

    Find a Course

    Clearing 2025

    Offer Holders' Hub

    Order a Pocket Prospectus

    Open Days

    Virtual Tour

    • Student Life
      • Student Life Home
      • Bangor and the Area
      • Social Life and Entertainment
      • Student Accommodation
      • Clubs and Societies
      • Sport
      • Virtual Student Experience
      • Videos and Vlogs
    • Your Experience at Bangor
      • Welcome 2024
      • Student Support
      • Skills and Employability
      • Study or Work Abroad
      • Fees and Finances
      • Student Ambassadors

    Student Profiles

    Student Videos and Vlogs

    Welcome Week

    Virtual Tour

    • Choose Bangor
      • International Home
      • Why Bangor?
      • Location
      • Accommodation
      • Student Support
      • Contact Us
      • Bangor University's China website
    • Apply
      • Entry Requirements
      • Tuition Fees and Scholarships
      • How to Apply
      • Already Applied
      • Study Abroad (Incoming)
      • Exchanges (Incoming)
      • Worldwide Partners

    Clearing 2025

    Country Specific Information

    Bangor University International College

    Find a Course

    • Research
      • Research Home
      • About Our Research
      • Research in our Academic Schools
      • Research Institutes and Centres
      • Research Portal
      • Integrated Research and Impact Support (IRIS) Service
      • Energy
      • REF 2021
      • Research News
    • Postgraduate Research Opportunities
      • Postgraduate Research
      • Doctoral School
    • Events and Training Opportunities
      • Researcher Development

    Royal Recognition: 2023 Queen's Anniversary Prize

    Bangor Research In Top 30 For Societal Impact In UK

    • The University
      • About Us
      • Our Mission
      • Strategy 2030
      • Annual Report & Financial Statements
      • Our Location
      • Academic Schools and Colleges
      • Services and Facilities
      • Vice-Chancellor's Office
      • Working with Business
      • Working with the Community
      • Sustainability
      • Health and Wellbeing
      • Contact Us
    • Working for Us
      • Job Vacancies
    • University Management and Governance
      • Policies and Procedures
      • Slavery and Human Trafficking Statement
      • Management and Governance
    • University and the Community
      • Pontio
      • Sports Facilities
      • Conference Facilities
      • Places to Eat and Drink
      • Public Events
      • Widening Access
      • Services to Schools
    • Business Services
      • Business Services Home
    • Collaboration Hub
      • Collaboration Hub
    • Conferencing and Business Dining
      • Conferencing Facilities
      • Business Dining
    • Intellectual Property (IP) and Commercialisation
      • Intellectual Property (IP) and Commercialisation
    • News
      • Current News
      • Research News
      • Student News
    • Events
      • Events
    • Announcements
      • Flag Announcements

    140th Anniversary

    Public Lectures

Information for:

  • Alumni
  • Applicants
  • Current Students
  • Staff
  • Parents
  • Job Vacancies
  • Covid-19
My country:

Search

Close

Breadcrumb

  • Cymraeg

Share this page:
  • Twitter
  • Facebook
  • LinkedIn

Where did the idea of a cashless society come from?

The concept of a "cashless society" is now getting increased attention as countries such as Sweden try to move away from bills and coins whereas in the UK there has been a failed attempt by banks to do without paper cheques. In a Bangor Business School Working Paper, Bernardo Bátiz-Lazo, of the Business School, along with Thomas Haigh of the University of Wisconsin, Milwaukee; The Haigh Group and David Stearns, of  Seattle Pacific University document,  the ‘cashless’ idea actually originated first in the world of business and only later moved into the realm of fiction.

Bernardo Bátiz-Lazo, Professor of Business History and Bank Management explains: “Although we can trace its origins to 19th Century France, modern ideas of a cash free society date to the adoption of the first computers in business.”

“By any account the cashless society envisioned in the 1950s is now closer, but still far from becoming reality. In our research we argue that a cash free economy is a vision driving technological change that will never be realised.”

“The main reason why we engaged in this research was to help inform policy as well as the media because there are very important questions that have yet to be answered, but most of the issues around it are not presented in a balanced way. Instead, mainstream news articles tend to trash cash and talk about how wonderful are digital currencies, mobile payments, contact-less cards, and so forth. Our paper provides context.”

The full paper is available here:
And coverage on Blomberg.com here :

Publication date: 11 April 2012

Home

  • News
    • Latest News
    • News Archive
    • Events
Home

Follow Us

  • Twitter
  • Facebook
  • Instagram
  • Youtube
  • LinkedIn

Bangor University

Bangor, Gwynedd, LL57 2DG, UK

+44 (0)1248 351151

Contact Us

Visit Us

Maps & Directions

Policy

  • Legal Compliance
  • Modern Slavery Act 2015 Statement
  • Accessibility Statement
  • Privacy and Cookies
  • Welsh Language Policy
Map

Bangor University is a Registered Charity: No. 1141565

© 2020 Bangor University