Payments News

On The Web

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Systems

Contactless cards fuel fears of digital exclusion

April 10 2020

“Age UK, the UK’s largest charity for older people, says regulators need to take action to ensure that older consumers still have access to cash during the spread of the coronavirus pandemic. The charity is concerned that the current situation will make it extremely difficult or even impossible for a large number of people to […]
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Systems

Russian Banks Act to Decontaminate Cash

March 24 2020

“The Russian central bank already keeps banknotes for up to 14 days before distributing them and is now asking other banks to do the same, Vladimir Demidenko, deputy head of its cash circulation department told Reuters.”
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Industry

Metlink Bans Cash Payments for Transit Tickets

March 23 2020

“Metlink , the transportation agency for the Greater Wellington region of New Zealand, has ceased accepting cash payments on all buses, trains, ferries and stations “to stay one step ahead of Covid-19 and give our passengers and staff more peace of mind”.”
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Systems

Our Cash-Free Future Is Getting Closer

July 6 2020

“Fears over transmission of the disease have compelled consumers to rethink how they shop and pay. Retailers and restaurants are favoring clicks over cash to reduce exposure for employees. China’s central bank sterilized bank notes in regions affected by the virus. And governments from India to Kenya to Sweden, as well as the United Nations, […]
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Global

Cash Payments Plummet Thanks to Pandemic

June 8 2020

“Bullock predicts that ATM consolidation around the country will accelerate, which on one hand is not the issue it was years ago since ATM interchange fees are mostly gone in the country, but on the other hand, cash is still heavily used by older and poorer Australians. An RBA survey last year found that while […]
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Systems

Bipartisan Senate Bill Would Punish Retailers for Refusing Cash Payments

July 6 2020

“Sens. Bob Menendez, D-N.J., and Kevin Cramer, R-N.D., have introduced a bill prohibiting retailers from declining cash payments from customers, as businesses promote “contactless” digital payment as they grapple with the coronavirus pandemic .  Retailers and mall owners, including Nordstrom and Simon Malls, have encouraged the use of contactless transactions such as Apple Pay to […]
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Systems

Casinos Consider Cashless Gambling to Fight Coronavirus

June 29 2020

“The U.S. casino industry remains a bastion of cash in an increasingly cashless world, where high-security vaults storing millions of dollars have inspired heist movies and the living-large vibe of Las Vegas is ferried in bags bulging with currency. But the coronavirus pandemic has generated concern over bills circulating among hundreds of hands on the […]

On The Wires

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Systems

National Coalition Formed to Protect Cash Payment Option for U.S. Consumers

May 7 2020

“A broad spectrum of consumer representatives and businesses committed to preserving the right of American consumers to pay with cash has announced formation of the Consumer Choice in Payment Coalition (CCPC). The purpose of the coalition is to advocate for the continued availability of cash as a payment option for consumers throughout the U.S.”
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Systems

Remitly Launches ‘Cash Deposit’ for Passbook Customers

May 28 2020

“Remitly, the largest independent digital remittance company in North America, today announced a partnership with financial technology leader and bank holding company Green Dot Corporation to launch Cash Deposit, a new feature for Passbook by Remitly. At a time when many are experiencing financial turmoil due to the current global crisis, Remitly is expanding banking […]