Payments News

On The Web

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Systems

UK banks back rollout of shared branches

“The largest UK lenders will support a new initiative to maintain access to cash for communities across the country with five new shared bank branches set to open next year. The move follows a review of several different pilot schemes aimed at maintaining access to cash services in areas hit by bank branch closures over […]
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Systems

Covid-19 Made Americans Into Super Savers. Now They’re Hoarding Cash.

“Americans are hoarding cash because of fatigue and uncertainty, with little chance the trend will reverse soon. Over the past two years, households have socked away close to $1.6 trillion in “excess savings,” or resources they otherwise wouldn’t have been able to save before the Covid-19 crisis, according to the Federal Reserve Bank of New […]
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Systems

Payment Choice Act Wins Bipartisan Backing

“The Federal Reserve Board may be mulling a digital dollar, but U.S. Rep. Donald Payne Jr. has cash on his mind. He was so concerned about stores not accepting cash that he introduced the Payment Choice Act to preserve the right of Americans to pay in cash and to bar merchants from rejecting it. He first […]
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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 […]

On The Wires

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Systems

BLUbeem™ by Brink’s® – Digital Cash Payment Solutions for Merchants

“With BLUbeem, Brink’s places a secure, tech-enabled device at a customer’s site. The customer registers cash deposits using the BLUbeem mobile app, and places cash into the onsite device. Brink’s digitally confirms that the deposit was made, and provides credit for that deposit to any bank account of the customer’s choosing. Brink’s then picks up […]
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Domains

Paysafe Partners With OSG to Enable Cash Payments for Online Billing

“Paysafe (NYSE: PSFE), a leading specialized payments platform, today announced a partnership with Output Services Group (OSG) , a global provider of customer engagement and payment solutions. OSG, which provides online billing and payment solutions to many industries serving U.S. consumers, will now offer the Paysafecash ™ online cash solution as an alternative payment method […]
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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 […]