A cashless society – be careful what you wish for

RBS customers suffered a systems meltdown last year on a Monday evening as millions of customers of RBS, NatWest and Ulster Bank were left unable to make payments with their credit & debit cards

Of course, this is not the first such instance of fundamental technical failures for card systems. In June 2012, a similar technical fault at NatWest meant that many customers were unable to withdraw cash from their bank account for five days. It also echoes the stories from the cashless-trial at the London Olympics, which failed on its first day.

Read more at Finextra

A cashless society – be careful what you wish for

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