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Optus crash confirms why cash still matters | Canberra CityNews

Cash may no longer be king, but the Optus debacle shows it is still necessary, writes CHRIS VASANTKUMAR.

New south walesAustralian capital territoryIan meikleChris vasantkumarBank june bulletin on consumer payment behaviourMacquarie universityReserve bankJune bulletinConsumer payment behaviour

Cash may no longer be king, but the Optus debacle shows it is still necessary

Electronic payments are convenient and are increasingly replacing cash, but when a network fails, the impact can bring a country to a halt.

New south walesBank june bulletin on consumer payment behaviourReserve bankJune bulletinConsumer payment behaviourCashless economyCredit cardsOptus outageElectronic transactions

Cash May No Longer Be King, But The Optus Debacle Shows It Is Still Necessary

Cash May No Longer Be King, But The Optus Debacle Shows It Is Still Necessary
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New south walesBank june bulletin on consumer payment behaviourReserve bankJune bulletinConsumer payment behaviour

Optus failure proves cash is still needed

When digital banking and transactions went offline for many consumers and businesses during last week's Optus network crash, it was a reminder of the vulnerabilities of a cashless economy, writes Chris Vasantkumar.

Dave huntChris vasantkumarBank june bulletin on consumer payment behaviourMacquarie universityTerms of serviceReserve bankJune bulletinConsumer payment behaviourGoogle privacy policyCreative commons

Cash may not be king, but Optus shows it s far from obsolete

Even as Australian banks move away from handling cash, other countries, Sweden most famously, have been forced to walk back such measures.

New south walesBank june bulletin on consumer payment behaviourReserve bankJune bulletinConsumer payment behaviour

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