Changes in Lifestyles

Introduction

• Computer use now affects our daily lives in many ways, some more obvious than others.

• It is called Social Impact They affect cultural practices, rules of

behaviour, ways of doing business and other work-related activities.

Cashless Society

• It means a society that would not need to handle money in the physical form of notes or coins.

• Types of Non-Cash payment1. Credit and Debit Cards

2. Prepayment Cards

3. ATMs

4. Smart Cards

5. E-commerce (Electronic Commerce)

Credit and Debit Cards

• Debit Card Spend using Card Cash deducted from account immediately

• Credit Card Spend Now Pay later

ATMs

• Automatic Teller Machine Allow you to withdraw money Allow you to pay bills

Smart Card

• Looks like an ATM card.

• Multipurpose databank which stores personal biodata, medical history account banks, etc.

• Makes use of embedded microchip More secure Can perform other functions

Barriers of cashless society

• Economic Hurdles

• Consumer Resistance

• Privacy Concerns

• Counterfeits