Thirty years ago a cashless society was predicted for the near future; paper currency and checks would be an antiquated symbol of the past. Consumers would embrace a new alternative for making payments: electronic money. But currency is still used for 87% of payments, mainly for "nickel and dime" purchases. And checks are the payment choice for about 10% of transactions each year. However, the percentage of transactions done electronically is growing dramatically. This growth is made possible by electronic funds transfer (EFT) systems, which move funds in and out of accounts using electronic impulses. This booklet discusses the different types of EFT systems and looks at the future of electronic money. The booklet contains the following sections: "ATM and POS Systems"; "Direct Payment"; "Stored-Value and Smart Cards"; "Home Banking"; "Consumer Resistance"; "Consumer Acceptance"; and "What Does the Future Offer?" Contains a glossary and a list of additional readings. Included with the booklet is a teaching guide that contains content questions and answers. (BT)