Early “Frictions” in the Transition towards Cashless Payments

Bernardo Batiz-Lazo and Tom Buckley

MPRA Paper from University Library of Munich, Germany

Abstract: In this article we describe the trials and tribulations in the early stages to introduce cashless retail payments in the USA. We compare efforts by financial service firms and retailers. We then document the ephemeral life of one of these innovations, colloquially known as “Hinky Dinky”. We conclude with a brief reflection on the lessons these historical developments offer to the future of digital payments.

Keywords: cashless; payments; innovation; USA; Hinky Dinky (search for similar items in EconPapers)
JEL-codes: E42 L81 N2 N8 (search for similar items in EconPapers)
Date: 2021-07
New Economics Papers: this item is included in nep-com, nep-his, nep-mac and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:108834

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