Origins of the modern concept of a cashless society, 1950s-1970s

Bernardo Bátiz-Lazo*, Thomas Haigh, David L. Stearns

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

2 Citations (Scopus)


In this chapter we focus on the emergence of the idea of a “cashless/checkless society” in the 1960s as an example of how futuristic visions often drive new applications long before their economic viability is established. Variants of the “cashless/checkless society” vision appear throughout the developed world during the second half of the twentieth century, but for the sake of clarity and brevity, we will discuss the form it took in the United States from 1950s through the 1970s. As a result we illustrate how consensus that can drive actual technological developments is a key feature of how applications of information technology have been responsible for the increase in productivity of business organizations during the late twentieth century.

Original languageEnglish
Title of host publicationThe Book of Payments
Subtitle of host publicationHistorical and Contemporary Views on the Cashless Society
EditorsBernardo Batiz-Lazo, Leonidas Efthymiou
Place of PublicationLondon
PublisherPalgrave Macmillan
Number of pages12
ISBN (Electronic)9781137602312
ISBN (Print)9781137602305, 9781349929320
Publication statusPublished - 6 Dec 2016
Externally publishedYes


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