Neyland Stadium now cashless venue?

#78
#78
adam.vol said:


Like many people my age, I primarily use credit cards for everything, but I also carry cash in case of emergency. Despite what I typically use for purchases, there is something truly disturbing about this decision. I don’t like it one bit.
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You give up control of your finances to anyone else and you deserve what you get. "Digital currency"/cashless is the camels nose under the tent.
 
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#82
#82
SayUWantAreVOLution said:
I look at your statement like those videos that ask "as an ER nurse or cardiologist or neurosurgeon, tell me 5 things you'd never do....."

If you know the backend issues and vulnerability of the system but still use cashless primarily, you must view the risk as minimal vs the convenience which I take as an endorsement of cashless transactions overall?
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Good point. I point that out because I dont want to be a hypocrite by denouncing it while I use it - and by cashless I mean card and tap primarily.

Beyond that, the issues are apparent. But cashless has become ubiquitous and it’s harder to stay away from it and it’s going to accelerate.
 
#83
#83
adam.vol said:


Like many people my age, I primarily use credit cards for everything, but I also carry cash in case of emergency. Despite what I typically use for purchases, there is something truly disturbing about this decision. I don’t like it one bit.
Click to expand...

I’m really surprised that they haven’t announced prices going up….yet. I own a business and 68-72% of my transactions are generally CC transactions. Those fees add up to a pretty large sum monthly. I’m surprised the university is willing to eat the cost for game day for what it will cost them in transaction fees. Maybe the percentage using cash is much smaller at an event like that?
 
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#86
#86
DooleyOrangePants said:
Good point. I point that out because I dont want to be a hypocrite by denouncing it while I use it - and by cashless I mean card and tap primarily.

Beyond that, the issues are apparent. But cashless has become ubiquitous and it’s harder to stay away from it and it’s going to accelerate.
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Were I on the inside, I'd think the chance for increased security might be a huge business opportunity for someone if the problems are somewhat easily solved.

The industry might not be willing to "retool" toward safety until a major issue happens though because most of us are ignorant of how vulnerable it is.
 
#90
#90
SayUWantAreVOLution said:
Were I on the inside, I'd think the chance for increased security might be a huge business opportunity for someone if the problems are somewhat easily solved.

The industry might not be willing to "retool" toward safety until a major issue happens though because most of us are ignorant of how vulnerable it is.
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You would think so, but the issue as I’ve seen it is bolstering security carries costs - they’ve already spent on capacity and speed, so they measure the risk and security is last.. Sometimes it works out, sometimes it doesn’t. But the biggest barrier to making headwinds in the security space is it takes time and it can slow progress. C-suite doesn’t like being told “no that’s a bad idea” or “maybe we should approach this from a different angle to minimize risk”.
 
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#91
#91
EastTNVol6240 said:
I’m really surprised that they haven’t announced prices going up….yet. I own a business and 68-72% of my transactions are generally CC transactions. Those fees add up to a pretty large sum monthly. I’m surprised the university is willing to eat the cost for game day for what it will cost them in transaction fees. Maybe the percentage using cash is much smaller at an event like that?
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I wish I had a good answer for that, but all I can say is Scrooge McWhite isn’t going to let a single dime slip by him. I imagine the main reason they want to switch to card-only is so that they can build the transaction fee into the prices. They probably noticed that having a price for cash was costing them with card payments (All speculation on my part).
 
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