News | Cash & Payment News

John Winchcombe

11 April 2021

3 min read

What Happens When COVID Restrictions Lift? Canada’s Story

The Bank of Canada conducted studies into cash usage in April and July 2020*. This March it updated its staff discussion paper 2021-23 reflecting on these surveys and what they tell us about cash as pandemic containment measures lift.

Country Profile COVID

John Winchcombe

11 April 2021

4 min read

The Flight to Cash in a Crisis

Gerhard Rösel and Franz Seitz have published a paper, ‘Cash and Crises: No Surprises by the Virus’, as a working paper for the Institute for Monetary and Financial Stability. This paper looks at cash usage across a number of key economies since the 1990s. It notes the trend towards cash being hoarded as a store of value, reflected an increasing proportion of cash in circulation being high value notes, but looks, in particular, at what happens to cash when there is crisis.

Cash Usage COVID Staff Papers

John Winchcombe

11 April 2021

5 min read

New CBDC Project Announcements

The number of central banks announcing work on Central Bank Digital Currencies (CBDCs) continues to rise. This month there have been reports about CBDC activity by the central banks of the ECCB, Jamaica, Korea and Russia.

CBDC

John Winchcombe

11 April 2021

2 min read

Payments Leadership Council

Visa, Mastercard, American Express and Discover Financial, as well as industry counterparts FIS, Fiserv and Global Payments, have formed the Payments Leadership Council to represent their position to the government and in the media on a range of issues. Card payments are in the spotlight currently.

Cards

John Winchcombe

11 April 2021

4 min read

Retailers as Bankers

While the activity of retailers may, at first glance, appear of secondary importance to the world of payments, in today’s changing economic landscape it could have big implications, particularly when retailers of the scale of Walmart are involved and with card and payment fees rising.

Retail

John Winchcombe

11 April 2021

2 min read

How did Americans Spend During the Pandemic?

In 2020 US consumers each spent $17,095 according to the US census bureau, $2,398 of which was online. CouponFollow surveyed 1,500 Americans in January 2021 about the state of cashless and touchless payment methods during the pandemic.

Country Profile COVID

John Winchcombe

11 April 2021

5 min read

News in Brief

Bangko Sentral ng Pilipinas (BSP) has reorganised to combine its cash department and its payment department.

Central Banks News Retail

John Winchcombe

11 April 2021

4 min read

Cash Increases Risk for Central Banks

A recent paper, ‘COVID Cash*’, by Kenneth Rogoff and Jessica Scazzero considers the implications for advanced economies in the long-term trend of value being stored in cash, a trend accelerated by, and highly visible due to, the pandemic. They make two arguments.

Cash Usage Central Banks

John Winchcombe

11 April 2021

6 min read

Diebold Nixdorf Positions Itself for the Future

In 2016 Diebold and Wincor Nixdorf joined forces to form Diebold Nixdorf, creating a company with global reach in the self-service market. Diebold Nixdorf serves retailers and retail banks providing ATM and point of sale (POS) technology and software to run and integrate the technology and behind the scenes payment platforms. It also offers management services for all these products.

ATMs Cash Management POS

Alper Sayin

11 April 2021

3 min read

Top Payment Trends in Turkey in 2021

Alper Sayin, Director Cash Planning and Operations at Garanti BBVA, has summarised the key cash and payment trends facing Turkey in 2021. Cash is increasing but cost control remains high on the agenda, with new cash processing tools being used and an ATM pooling initiative being closely monitored.

Country Profile

John Winchcombe

11 April 2021

3 min read

Latest ATM Report Shows High Levels of Innovation

RBR’s most recent study, ‘ATM Software 2021’, looks at the latest ATM developments across the world.

ATMs

John Winchcombe

11 April 2021

2 min read

CBDC Conference 2021

With the Eastern Caribbean Central Bank announcing the world’s first CBDC based on blockchain technology, the CBDC activity level around the world continues to grow.

CBDC Events

John Winchcombe

5 March 2021

5 min read

New Initiative to Ensure Universal Access to Payments

Payments in their many guises are essential to the way we all live our lives, to buy bread and milk, to heat or homes and to do many other things. Around the world the majority of people take payments for granted and are able to choose the payment option that suits their needs for the particular transaction. However, many people don’t have this choice and have to rely on a single payment method, and this is very often cash.

CBDC Digital Payments Future of Cash

John Winchcombe

5 March 2021

4 min read

‘Ready, Steady, Go’? Results of the 3rd BIS Survey on CBDC

The Bank of International Settlements (BIS) received 65 responses to its latest Central Bank Digital Currency (CBDC) survey of which 21 were from Advanced Economies (AE) and 44 from Emerging Market/Developing Economies (EMDE). The results are published in BIS Papers 114, authored by Codruta Boar and Andreas Wehrli.

CBDC Surveys

John Winchcombe

5 March 2021

3 min read

CBDC Risks Becoming a Gigantic Flop

If Central Bank Digital Currencies (CBDCs) do not solve a real problem, then they will fail. In a recent paper by Peter Bofinger and Thomas Haas, Professor for Monetary Policy and International Economics and Research Associate and Chair for Monetary Policy and International Economics respectively at the University of Wurzbürg, they throw doubt on whether central banks have found a compelling need for CBDCs.

CBDC Digital CN

John Winchcombe

5 March 2021

2 min read

Change Needed For India’s ATMs

Relative to its population, India has few ATMs – 22 per 100,000 people, according to the World Bank, compared with 81 in China. It also has one of the lowest ratios of ATM cash withdrawals relative to cash in circulation, according to a June 2019 RBI report, 'Benchmarking India's Payment Systems'.

ATMs

John Winchcombe

5 March 2021

2 min read

Cardtronics Accepts NCR’s Offer

January’s edition of Cash & Payment News™ covered NCR’s bid for Cardtronics. NCR – which describes itself as ‘a technology provider for the financial, retail and hospitality industries’ – has now announced that it has entered into a definitive acquisition agreement to buy the company, paying $39 per share, valuing Cardtronics at $2.5 billion. NCR justifies this in its statement as accelerating its shift to ‘NCR-as-a-Service’ strategy, moving its mix of revenues across its business more to software, services and recurring revenue.

ATMs

John Winchcombe

5 March 2021

2 min read

Lack of Payment Competition Raises Costs

Mastercard has announced that the interchange fee on products bought online in the EU by British card holders will increase from 0.3% to 1.5%. Debit card fees will increase from 0.2% to 1.15%. This fee increase is justified because now the UK is no longer part of the EU, fees will be charged at the ‘inter-regional’ fee level rather than ‘intra-regional’ fee level.

Cards

John Winchcombe

5 March 2021

1 min read

CBDC Conference Speakers and Plans in Place

The CBDC Conference, 3-5 October 2021, will go ahead in Frankfurt, although the organiser is remaining flexible to put it online if need be. Registration comes with a ‘COVID-19 guarantee’ so that people can be confident about committing to the event.

CBDC Events

John Winchcombe

5 March 2021

3 min read

Future of Cash – Today’s Challenges, Tomorrow’s Opportunities

The last year has accelerated a number of payment trends, with the cash ‘paradox’ to the fore (cash in circulation up, cash transactions down). The Future of Cash conference laid out and explained the growing pressure on cash but also gave good data, examples and food for thought about opportunities for the future.

Events Future of Cash

Latest News

What Happens When COVID Restrictions Lift? Canada’s Story

The Flight to Cash in a Crisis

New CBDC Project Announcements

Payments Leadership Council

Retailers as Bankers

How did Americans Spend During the Pandemic?

News in Brief

Cash Increases Risk for Central Banks

Diebold Nixdorf Positions Itself for the Future

Top Payment Trends in Turkey in 2021

Latest ATM Report Shows High Levels of Innovation

CBDC Conference 2021

New Initiative to Ensure Universal Access to Payments

‘Ready, Steady, Go’? Results of the 3rd BIS Survey on CBDC

CBDC Risks Becoming a Gigantic Flop

Change Needed For India’s ATMs

Cardtronics Accepts NCR’s Offer

Lack of Payment Competition Raises Costs

CBDC Conference Speakers and Plans in Place

Future of Cash – Today’s Challenges, Tomorrow’s Opportunities

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