The cashless society through real-time person-to-person financial transactions are getting one step closer to reality. Bank of America and U.S. Bank sign up for exchange system as calls from bankers around laud cashless society Bank of America and U.S. Bank announced their alliance with Early Warning’s clearXchange network, enabling Bank of America customers, for instance, to immediately send cash to U.S. Bank customers. The combined reach of the program will offer the mobile banking application to 22 million customers throughout the U.S. The move benchmarks a global challenge to cash, that awkward method of storing coins and paper representations of…
Cashless Society, Person-To-Person Transactions Get One Step Closer
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.