Payments News

On The Web

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Systems

U.S. Cash Payment Kiosks Rise Despite Digital Age

“City governments nationwide are joining a trend to make more cash payment options available to consumers looking to pay their bills, with Chicago undertaking a significant expansion and New York installing new kiosks for the first time next month. Cities take in more income when consumers have additional ways to pay for parking tickets and […]
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Systems

U.S. Cash Payment Kiosks Rise Despite Digital Age

“City governments nationwide are joining a trend to make more cash payment options available to consumers looking to pay their bills, with Chicago undertaking a significant expansion and New York installing new kiosks for the first time next month. Cities take in more income when consumers have additional ways to pay for parking tickets and […]
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Systems

Cash Not Only Survived the Pandemic — It Came Out Stronger

“Cash usage is showing signs of surpassing pre-pandemic levels — and some of the digital payment options put in place during lockdown are actually fueling the trend… Cash Connect , a division of the Wilmington, Delaware-based bank WSFS Financial that provides cash-management technology for independent ATM operators and retailers, is seeing growing demand for unmanned […]
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Systems

Coin Shortage Redux: Banks, Merchants Again Searching for Pennies

“Bankers thought the nationwide coin shortage was over, as the U.S. economy reopened and previously housebound consumers were able to unload more of their change. But a combination of factors — including government stimulus payments, accelerated consumer spending and the threat of the COVID-19 delta variant — has stymied progress and forced retailers to resort […]
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Systems

The Pandemic Pushed Us Toward a Cashless Economy. It Could Be the New Normal

“In the before times, more than 90% of farmers’ market customers for Dirty Girl Produce used cash to buy its dry-farmed tomatoes, little gems of lettuce and haricot vert beans. That switched totally during the pandemic with 90% using cards or phones to pay. “For a while, everyone was afraid of cash; they thought you’d […]
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Systems

Euro Zone Citizens Stock up on Cash in Pandemic, ECB Says

“Euro zone citizens have stocked up on banknotes as a safety buffer since the start of the coronavirus pandemic despite using other means of payment more frequently, European Central Bank board member Fabio Panetta said on Tuesday. The data pours some cold water on the popular notion that physical cash was set to all but […]
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Systems

World Bank Finds Contactless Cards Are Not yet Displacing Cash

“Contactless payments technology is causing “a sizable increase in the use of debit cards for small-value payments”, but is having an “economically small and statistically insignificant” impact on the use of cash and cash demand, according to a study conducted by the World Bank … The study’s findings are based on anonymous bank account data […]

On The Wires

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Domains

InComm Payments Partners With Doxo, Enabling Consumers to Pay Bills With Cash on Doxo’s Nationwide Bill Pay Network at More Than 60,000 Retail Locations

“InComm Payments , a leading payments technology company, and doxo , the largest bill pay directory in the nation, today announced an exciting new partnership that will enable doxo users to pay household bills with cash at more than 60,000 retail locations throughout the U.S. According to the Federal Reserve Bank of Atlanta , a little […]
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Systems

REPAY Partners With Paysafe to Enable U.S. Merchants to Accept Online Cash Payments

“Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced a partnership with Paysafe (NYSE: PSFE), a leading specialized payments platform, to enable REPAY merchants to accept cash payments at over 60,000 of Paysafe’s retail partner locations, including major convenience stores, dollar stores, and pharmacies across the United States. Leveraging […]