Cash may not be king in the digital age, but the dollars and the coins are still essential. Regulators and central banks, through new laws and research, have underscored the usefulness of financial institutions (FIs), merchants and other enterprises giving what we might term cash...
Paper money use is reportedly waning in Australia amid troubles at its top cash supplier. Linfox Armaguard, which moves 90% of cash to the country’s banks, ATMs and retailers, is fighting to stay afloat, Bloomberg News reported Sunday (June 2). The company’s uncertain fate has...
Sweden’s central bank, the Riksbank, has proposed several measures to make it easier to pay with cash or digital payments. The central bank also called for an expansion of the Swedish government’s current inquiry into the use of cash to pay for essential goods, the...
FinTech companies Repay, Facebank and Pana have joined the Green Dot Network to enable cash transactions and services for their customers. By becoming partners of the network, the three FinTechs can offer these services via Green Dot’s network of thousands of retail locations, Green Dot said in a Tuesday (March 12) press release. “As the...
The recent move by Norway to enact rules ensuring consumers’ ability to pay with cash reflects a growing concern over the potential exclusion of certain segments of the population who are reluctant to use digital payments. The proposed measures will enable customers to pay with...
The government of Norway has reportedly proposed rules designed to ensure that consumers can pay with cash. These measures are meant to ensure that those who are reluctant to use digital payments can pay with notes and coins, Bloomberg reported Friday (March 8), citing a...
America’s most common form of currency might also be its least wanted. There are now more $100 bills in circulation than any other denomination, with the number of these bills doubling between 2012 and 2022, The Wall Street Journal (WSJ) reported Sunday (Feb. 25), citing...
Swiss National Bank (SNB) Vice Chairman Martin Schlegel said Friday (Feb. 23) that physical cash will never disappear from use in Switzerland, despite the popularity of payment apps. Speaking at an event, Schlegel emphasized the importance of cash for a large part of the population,...
American Express has selected NCR Atleos’ Allpoint ATM Network to deliver surcharge-free cash access in the United States to its business and consumer checking customers. By leveraging the network, American Express will enable these customers to access more than 40,000 surcharge-free ATMs located in trusted...
