MSE Poll: How often do you use cash?

aj23 wrote: »

Actually by you losing your card, you're liable to the 30% increase in monetary value from 2015 to 2016 in lost card fraud, going up every year since 2011, and a 51% increase in cases reported. There's also a 10% increase in card fraud from cards which haven't been stolen or lost, i.e. remote transactions. Card fraud has jumped due to contactless and how the technology can be remotely taken at the point or purchase and used to purchase high end products.

Internet/online and telephone purchasing fraud is also up 9% in terms of monetary value and 20% in cases reported. Card non-receipt fraud is the highest since 2012 and up 7%. Card fraud caused 17% increase in retailer losses in 2017 as well. e-Commerce fraud is also up 18%. Online banking and phone banking fraud is the second highest year on record since 2010.

Cheque fraud for example is down 30%, the lowest on record. I've got my stats from Experian, the ONS and Financial Fraud Action. They don't factor cash fraud in, because you mostly don't know how much as there's a lot of undeclared cash.

Cash transactions (using notes and coins) has fallen to just under 50%, with all other payment methods combined account for just over 50%. Fraud on cards and remote purchases accounts for 98% while cheques are 2%.

You've wildly misinterpreted what I said about jobs. Use technology where it helps and is required, but technology shouldn't be destroying jobs like how they are. If everything is done by robots, what is the point of us. Technology has massively helped in car production for example. But in other sectors in is harming people. Look at Toys R Us, New Look, etc., people buy online (pension deficits also don't help) which has directly lead to the closure of stores.

The sentence does make sense if you read it properly. Why you'd want to just keep tapping a piece of plastic to buy things and lose tracks of what you spend is beyond me.