Payments News

On The Web

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Domains

COVID-19 Is Changing Consumer Behavior At The Point-Of-Sale

“…These developments, paired with growing concerns about physical contact and contagions, have helped drive a noticeable decline in cash utilization, according to a Q3 2020 US consumer survey fielded by 451 Research, which is part of S&P Global Market Intelligence. The survey revealed that more than two in five consumers are using cash less often […]
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Systems

Cash Payments No Longer the Only Option for Utah Cannabis Patients

“Utah’s medical cannabis patients are now allowed by the state to spend their money inside marijuana pharmacies, but that doesn’t mean the nation’s major financial institutions want their fingerprints on transactions involving the federally illegal substance. Credit card companies generally avoid cannabis transactions, for fear of federal repercussions. PayPal and Venmo are also leery of […]
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Systems

Royal Mint to Stop Production of £2 and 2p Coins Due to Excess Stock

“The Royal Mint will not produce any new £2 or 2p coins for at least a decade, as its stocks remain high because of the slump in use of cash, a trend that has accelerated during the coronavirus pandemic. The rapid decline in demand for coins has left the Mint, which has been producing coins […]
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Systems

Who Gets Hurt When the World Stops Using Cash

“Cash doesn’t have the status it used to. In fact, some state and local governments are forcing businesses like restaurants and retail shops to continue accepting cash — concerned that cashless businesses effectively discriminate against consumers who do not have bank accounts or credit cards. New York City will require most stores and restaurants to […]

On The Wires

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Systems

MoCaFi Partners with InComm Payments to Launch No-Fee Cash Deposits at Major Retailers

“InComm Payments , a leading payments technology company, and Mobility Capital Finance (MoCaFi), a mobile-first banking platform committed to bringing financially underserved communities into the digital economy, have announced a new partnership that will provide MoCaFi members with a no-fee option to load their MoCaFi Mobility Debit Mastercard® cash at major brick-and-mortar retail chains across […]
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Domains

Rapyd and InComm Payments Partner to Support Cash Payments, Which Continue to be a Critical Part of the U.S. Digital Economy

“Rapyd , a global Fintech-as-a-Service provider, announced today that it has entered into an agreement with InComm Payments , a leading payments technology company, to enable cash bill pay and load solutions at participating retailers across the United States. The partnership will empower participating billers and other consumer facing providers of goods and services, to provide […]
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Global

Paysafecash launches in Mexico enabling online cash purchases

“Paysafecash launches in Mexico as an alternative payment method for customers who want to pay online easily and safely using cash. The eCash solution was developed by paysafecard, part of the leading specialised payments platform Paysafe. Now available in 28 countries, Paysafecash is ideal for consumers who do not wish to share sensitive financial data […]
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Reports

Cash and the Pandemic: New Report from Square

“In the report below we examine Square data from our sellers across the UK to determine how the pandemic has affected payments preferences. We review how the behaviour at the physical and digital tills of the UK’s small businesses has changed, and explore whether these changes are a passing phase or are here to stay.”