|
|
 Improve the Costs of Cash White Paper Contest
Do you have a solution to improve cash management and logistics that will help ATM deployers reduce costs? If so, the ATMIA wants to hear about it.
ATMIA recently announced the opening of its ‘Improving the Costs of Cash White Paper’ contest. ATMIA members worldwide are encouraged to submit a two-page document highlighting software, strategies and other tactics that improve cash management and logistics.
Submissions can be uploaded to ATMIA website anytime between now and 31 May 2022.
READ MORE...
| |  | 63% of Transactions in Bulgaria are made in Cash
Bulgaria is second in Europe after Romania in the number of cash payments, according to statistics from ‘Global Findex’. In our country, 63% of transactions are made with cash, and in our neighbor - over 78%.
Although the pandemic was expected to increase the digitalization of money and minimize physical cash and its applicability, data show that consumers in Europe still prefer cash payments.
READ MORE... | |  ATM cash withdrawals are trending UP in Australia
New data from the Reserve Bank of Australia reveals the number of ATM cash withdrawals is trending up in 2022.
RBA data also shows the total amount of cash on issue is on the rise again, at well over $102 billion worth of notes on issue in Australia.
There were 30,253,100 ATM cash withdrawals in Australia during February, up 4.6% in one month, from 28,900,300 in January.
READ MORE...
| |
| | |
|
Survey Results Show Swing Towards Universal Cash Deposits for ATMs
Results of its industry survey “Readiness for Universal Cash Deposits for ATMs 2022” showed that an overwhelming majority of respondents support the adoption of Universal Cash Deposit at ATM networks.
“With over 68.5% of the respondents saying they would support Universal Cash Deposits at ATMs,” said Mike Lee, CEO of ATMIA, “the signs are good that the ATM industry itself is shifting towards the need to accelerate ATM cash deposits as both a long-term economic necessity and as a consumer or end-user demand.”
“Over 90% of respondents agreed that the trend towards increased bank branch closures strengthens the case for enabling Universal Cash Deposits at ATMs,” explained David Tente, ATMIA’s Executive Director of the USA, Canada & Americas. “The time seems right to encourage the networks to investigate adopting this excellent functionality at an inter-bank level.”
ATMIA’s new survey concluded that most of the demand for Universal Cash Deposits will come from members of the public and end-users, and secondarily from merchants and small businesses.
Review Survey Results
| |
SARB celebrates 100 years after issuing of first banknote
The South African Reserve Bank (SARB) says Tuesday, April 19, 2022 marks 100 years since it issued its first banknotes.
The banknotes were issued ten months after the SARB was established on June 30, 1921. Prior to that, South Africa had no monetary authority; however, commercial banks were responsible for issuing banknotes into circulation.
“For South Africa, its currency is a symbol of national pride and reflects the country’s cultural heritage, economic industries and the Big Five animals.”
READ MORE...
| | 
Explained Cash is still king in India but how much are you allowed to pay in cash?
Even though the pandemic has accelerated the adoption of digital payments in India multi-fold in the past two years, cash is still king in India. Currency in ciculation is touching an all-time high of Rs 3,09,827 core on March 4, 2022. Point to note: Rs 17.97 lakh crore worth of currency notes were in circulation prior to demonitisation in 2016, which has now crossed Rs 30 lakh crore.
According to a 2019 report by RBI, cash accounts for nearly 50% of all transactions, adding that the number went up to 70% for transactions below Rs 500. So what is the permissible limit for cash transactions?
| | 
Big Things Happened at the United States Mint in the Month of April
Big things are always happening at the United States Mint, but the month of April sees the beginning and end of some very important moments in American monetary and social history. You can’t get any bigger than the passage of the Mint’s founding documents, can you? Similarly significant are the seizures of three Mint facilities by the southern states in rebellion at the start of the Civil War. Major coin designs are introduced in April. Legislation authorizing a number of commemorative issues wound its way through Congress this month. We also see major hires and retirements.
Read on to view CoinWeek's snapshot of a month in American money.
| |
| | |
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 10,000 ATM industry readers per month.
Don't miss our recent newsletters:
December 2021 - Sponsored by Ricoh USA
January/February 2022
March 2022
| |
If you're interested in sponsoring the WCW Pro-Cash Monthly Newsletter and reaching over 10,000 emails, please contact ATMIA by email.
| |
|
|
|
|
