This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

5 Products That Can't Be Killed

CASH REGISTERS

Just as we've been promised a paperless office for decades, we're also still awaiting a cashless society. While it's true Visa (V), Mastercard (MA) and Bank of America (BAC) are among the many who have made a pretty penny peddling debit and credit cards, the swipe-to-own approach is still not leading us to a world free of crumpled bills and germ-saturated coins.

The centerpiece of our hard currency dependence is the cash register. Even with debit cards, we have to get in line, have a cashier scan our purchases and punch in needed PLU numbers.

Even the growth of supermarket and pharmacy self-checkouts really just shifts the burden even more to the customer.

Apple stores and toll booths alike have found a way to bypass the usual get-in-line approach to transactions. Yet the reign of the cash register continues. Apple took a hit in May for refusing to sell an iPad to a woman in Palo Alto, Calif. -- Apple's backyard! -- for cash, since they had those sleek card readers carried around by each sales rep. The store backed down the next day, even giving the woman a free iPad by way of apology. And toll booths are getting downright punitive to boost use of devices such as the E-ZPass. This month, New York announced price hikes for users of the area's tunnels and bridges: 5% for E-ZPass users, 18% for people paying cash.

That might just do the trick.

-- Written by Joe Mont in Boston.



>To contact the writer of this article, click here: Joe Mont.

>To follow the writer on Twitter, go to http://twitter.com/josephmont.

>To submit a news tip, email: tips@thestreet.com.

RELATED STORIES:



Follow TheStreet.com on Twitter and become a fan on Facebook.

Get more stock ideas and investing advice on our sister site, Stockpickr.com.

6 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
DELL $0.00 0.00%
HP $65.80 -1.90%
MCD $100.30 1.40%
MSFT $44.02 0.39%
SNE $28.02 -1.10%

Markets

DOW 18,244.41 +111.71 0.62%
S&P 500 2,112.80 +8.30 0.39%
NASDAQ 4,997.0340 +33.5070 0.68%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs