|
Cash and COVID-19: The impact of the pandemic on demand for and use of cash
Consumer spending declined significantly during the recent COVID-19 pandemic. This negative shock likely reduced spending across all methods of payment (cash, debit, credit, etc.). The mix of payment methods consumers use could also be affected. We study how the pandemic has influenced the demand for and use of cash. We also offer insights into the use of other payment methods, such as debit and credit cards.
READ MORE...
| | Big consumer survey reveals Aussies & Kiwis love cash 45% believe cash is COVID-safer than cards
Shops that don’t accept cash deter 60% of shoppers from using them, according to a Next Payments/SurveyPlanet survey of 1,019 Australian and New Zealand based consumers. Results follow this release.
“Cash is not dirty, banks and card companies are profiting from fear,” said Tim Wildash, Chief Executive Officer of leading independent ATM supplier, Next Payments.
READ MORE...
| | Senators introduce bill to require cash acceptance
U.S. Senators have introduced the Payment Choice Act, S.4145, a bipartisan bill to prohibit businesses from refusing to accept cash, posting signs that cash is not accepted or charging a higher price for using cash, according to a press release. "Businesses who prohibit cash payments discriminate against the millions of Americans who do not have bank accounts while forcing customers to exclusively use a less secure form of payment," Cramer said in a press release.
READ MORE...
| |
| | |
|
ATMIA Celebrates Industry Response to Keeping Access to Cash Safe During COVID-19 Crisis
This month's WCW Pro-Cash Newsletter featured article is from ATMIA.
ATMIA has released a new slideshow celebrating the steps taken by the industry to raise awareness of cash access and safety throughout the COVID-19 crisis. The slideshow highlights some of the champions who keep frontline services going during the pandemic.
The slideshow highlights a wide range of activities which manufacturers, ATM deployers and others have taken, including a helpful graphic provided by James Shepherd-Barron, son of the inventor of the ATM and graphics supplied by Grant Victor Companies. Actions featured range from good deeds in support of first responders, blog posts and factual messages to help promote cash and ATM safety, as well as the introduction of industry sanitizing solutions.
LEARN MORE...
| |
The crisis, our freedom and our money
In times when our life is being affected significantly by the effects of the situations like the COVID-19 pandemic, we become more aware of the basic needs in our lives. However, the COVID-19 crisis, which hits us globally so hard that we are even prepared to give up some of our civil rights and liberties guaranteed by the constitution, also reveals what certainty means and gives us and what we rely on in order to overcome a crisis and regain our freedom.
READ MORE...
| |
Physical Cash vs Digital Currencies in a Time of Crisis For those of us who still live in a cash society, the one question that is being asked is, ‘Can banknotes and coins transmit the coronavirus?’. Historically, during times of crisis, the demand for cash increased exponentially. If the cash is in one’s pocket, one feels in control. If it is in a bank somewhere, one feels at the mercy of other peoples’ decisions and systems. READ MORE...
| |
Here's What No Cash Actually Means
A cashless society means no cash. Zero. It doesn’t mean mostly cashless and you can still use a ‘wee bit of cash here & there’. Cashless means fully digital, fully traceable, fully controlled. I think those who support a cashless society aren’t fully aware of what they are asking for.
Pay with cash & please say no to a cashless society while you still have the choice. READ MORE...
| |
| | |
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.
| |
Celebrate Cash News with Withdraw Cash Wednesday
Cash globally remains the most widely used and popular form of payment today. ATMIA’s goal with the Withdraw Cash Wednesday initiative is to communicate as an industry the many benefits of cash, while combating the negative press cash has received over the last few years to ensure consumers have cash as a payment choice for years to come. This monthly newsletter is geared towards sharing positive cash news reaching more than 13,000 ATM industry readers per month.
Don't miss our last three newsletters:
View all past Pro Cash Newsletters here.
Follow Withdraw Cash Wednesday on Twitter and share our posts. You can even share your own personal cash story. Please share Withdraw Cash Wednesday news with customers, friends and family to promote cash usage!
| |
Promote positive spending habits and easily accessible cash for consumers
Purchase Withdraw Cash Wednesday decals, posters, wraps and more from GetBranded.com here.
| |
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.
| |
|
|
|
|