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Cash and COVID-19: Four reasons why cash is your safest payment option
In these uncertain times of living day-to-day with COVID-19, we’ve all become much more aware of the things we touch, and the germs we’re potentially coming in contact with. As you leave your house for necessary supplies like groceries, chances are you’re hyper aware of objects you touch all the time—your car door, the shopping cart handle, food items, your wallet, and the cash or card you pay with.
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| | As we reshape our lives, cash will bind us together
We are today amidst a global pandemic none of us expected to witness in our lifetimes. As we practice social distancing as best as we can, cash is becoming a favored, go-to, payment option. We are witnessing a global rethink of the way we behave, even as it is reshaping our lives in ways we did not anticipate. We are all affected, no matter what our socioeconomic standing, and we all face a common denominator — to stay healthy, keep a roof over our heads and ensure there is food on the table.
| | ATMs and Cash on the Frontlines
As a sign of pride in our industry, ATMIA wishes to put together a portfolio of photographs and stories which will be published online around the provision of cash and other ATM services in the frontlines of the pandemic. Until Friday, 22 May, please share photos, selfies and all human interest stories of using and providing cash during the emergency. If you submit your items by 22 May, you will be entered to win one of two prizes!
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Cashway Fintech Co., Ltd Product Spotlight This month's WCW Pro-Cash Newsletter is sponsored by Cashway Fintech Co., Ltd
As a financial technology enterprise, as well as a new high-tech enterprise and software enterprise, Cashway is dedicated to offering financial electronic products and solutions, integrated with the R&D, manufacture, marketing, operation, monitoring and relevant outsourcing services of banking self-service equipment.
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How effective Cash Management can help to save your ATM ownership costs
According to the last International Monetary Fund report, the COVID-19 pandemic is inflicting high and rising human costs worldwide. As a result of the pandemic, the global economy is projected to contract sharply by –3 percent in 2020, much worse than during the 2008–09 financial crisis. The Great Lockdown has an obvious impact on shifts in spending patterns.
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We can't afford to lose cash, as grubby card machines pose a similar risk to coins and notes
As we reveal, this scaremongering is troubling, with more and more shops up and down the country ditching coins and notes altogether.
Britain is nowhere near ready to go cashless. We have been told time and again that if we do not act now to protect cash, we will leave millions of elderly, vulnerable people and rural dwellers behind. And while technology can be brilliant, it is also temperamental.READ MORE...
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'No evidence' cash spreads COVID-19 as businesses opt for EFTPOS-only
Cash may be as safe or safer than EFTPOS payments and there is no evidence that handling cash spreads coronavirus, warns the Australian Mint. During the outbreak many businesses – such as grocer Harris Farm – have moved to exclusively accepting card payments in a bid to reduce cash handling by employees.
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Coronavirus and ATMs: Updates and Messages
ATMIA has set up a Coronavirus webpage on the ATMIA website for sharing all our statements and resources to assist you during this crisis.
This page is a hub for fact-based messages about how the coronavirus pandemic affects us and our industry. ATMIA is here for you and for all ATMs throughout the world.
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This Month's Newsletter is Sponsored By:
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Cashway Fintech Co., Ltd was established in 2004, with registered capital of RMB 400.4 million($57.2million). As a financial technology enterprise, as well as a new high-tech enterprise and software enterprise, Cashway is dedicated to offering financial electronic products and solutions, integrated with the R&D, manufacture, marketing, operation, monitoring and relevant outsourcing services of banking self-service equipments.
Cashway invested 950 million Yuan to build Cashway Technology Park in Tianjin Binhai New District. There are e-banking project center and financial self-service operating center in the Park, and it is the largest and most advanced base for R&D, industrialization and operation of financial self-service equipments. The Park is the only national ATM research and development industrialization base approved by the National Development and Reform Commission, which is also one of the 12th Five Year Major Technology Projects. Cashway is a project implementation unit of the Major Torch Plan, of the Electronic Development Fund Project by Ministry of Information and Technology. It is also appointed by the government of Tianjin as the one of the implementation unites of Significant Industrialization Projects of Independent Innovation as well as Significant Industrial Projects. There are Post-doctoral research station, engineering center, technology center in Cashway Technology Park, with the production capacity of ATM/CRS 20,000 units/year, self-service terminal 20,000 units/year, U-key 30 million unites/year, core module 20,000 units/year.
Cashway is committed to independent innovation in the field of electronic financial products and services.
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If you're interested in sponsoring the WCW Pro-Cash Monthly Newsletter and reaching over 13,000 emails, please contact Claire Feterl by email or at 605.274.0277.
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