Cashless society

4. cashless benefit that reduces the need for storing physical money
7. key feature of cashless transactions that involves recording every payment
8. Banks may face higher expenses related to this in a cashless society
11. The type of fees that may increase if banks can't charge for cash withdrawals
13. problem in cashless transactions that can occur due to malicious software
14. The action of spending money without the physical exchange of currency
17. Financial crime involving hiding the source of illegally obtained money
19. potential issue in a cashless society related to glitches or system failures
20. The state of financial transactions occurring without physical cash.

1. type of currency that is becoming less common due to digital transactions
2. financial concept that could impact customers if all transactions are electronic
3. Electronic tool often used for payments in a cashless society
5. major benefit of a cashless society related to the ease of carrying money
6. A benefit of a cashless society involving reduced crime related to physical money
9. digital record of money movement that could aid in financial oversight
10. The process of moving from cash to electronic forms of money
12. problem in a cashless society where electronic systems fail
15. Term for electronic methods of payment, such as those made with smartphones
16. The primary risk associated with online transactions due to data breaches
18. People who commit crimes using digital methods rather than physical theft