Electronic Transactions Quotes

Cash as a physical entity will virtually cease to exist, with coins and checkbooks consigned to museums. As people conduct their financial transactions on hand-held devices made secure by advanced biometrics, even tipping will be done electronically.

When you're dealing with digital goods, you don't have to be tied to one URL.

E-Commerce is happening the way all the hype said it would. Internet deployment is happening. Broadband is happening. Everything we ever said about the Internet is happening. And it is very, very early. We can't even glimpse it's potential in changing the way people work and live.

The whole thing of moving the currency through currency sorting and detection machines and so on that was the whole process actually encouraging electronic transactions.

The idea of money being something physical is almost entirely a fiction. Sure, you can go to your ATM and pull out cash. And you can feel cash in your back pocket and have some tangible comfort there - but in reality, the majority of your money is a number on a screen.

Straight-up digital delivery will be the way the future works.

ATM is still a cash channel; we want to migrate it to the digital channel.

When I was coming up through the ranks, not that many people carried a lot money of money on them. This was before checks and credit cards.

We are quite a way off before people travel around the world without cash in their pockets. The growth of plastic and electronic transactions have tended to impact traveller's cheques rather than cash.

In those days, if you wanted a new car or a holiday, you'd phone up the office and they'd send you some cash. You never had a bank account. I don't know anyone from the music business in the Seventies that it didn't happen to.

Well, I think here there is some money gathered, especially in Europe, through the web, through connection to a network. I mean, imagine that in Brussels there is only one person, one single person, which is monitoring the traffic that goes on on the internet for the jihadist groups. In Strasbourg there are two people. So I mean you can imagine how easy it is to raise money through the net.