Cashless World Would Be an Economic Disaster
While cashless payments are often presented as ‘new money’—primarily by cashless service providers—the idea that cash is outdated ‘is both misleading and dangerous’. A recent Business Insider article explores the strengths of cash, how it supports many facets of modern life, and the pitfalls of eradicating it.
Cost of Cash
ATMIA is excited to announce the winners of the 'Cost of Cash' white paper contest. Members were asked to submit a two-page document highlighting software, strategies and other tactics that improve cash management and logistics.
Congratulations to Auriga, Diebold Nixdorf and DPL Wireless for being selected.
Cashless Payment Network to Facilitate Cash Withdrawals
The Reserve Bank of India (RBI) is introducing cardless cash withdrawals at ATMs across its network, meaning customers will be able to withdraw money without a debit or credit card—and at banks other than their own—using their login details for the Unified Payments Interface (UPI), a popular real-time payment system.
Universal Cash Deposits for ATMs
ATMIA recommends the widespread adoption of Universal Cash Deposit systems and standards for ATM networks worldwide.
A recently published position paper, available for download and sent to regulators, promotes the position that Universal Cash Deposit for ATMs. This will assist communities and businesses in dealing with the decline in bank branches, while making cash itself more competitive in order to protect on-going access to cash for all demographic groups.
Banque de France Invests in a Banknote Production Facility
The Banque de France announced the construction of new banknote printworks on the site of its paper mill in Vic-le-Comte (Puy-de Dôme).
The new facilities will enable the optimization of printing processes, thanks to the acquisition of new state-of-the-art equipment.
Cash Recycling: An Essential Contributor to Operational Efficiency
“How does cash recycling contribute to my operational efficiency and customer satisfaction?”
“Does cash recycling actually reduce our environmental footprint?” Like many economic topics, cash recycling is really a form of process optimization; it can be viewed from many different angles.
Global Update on Cash Demand in Turbulent Times
Following exceptional growth in 2020, cash demand has returned to 'normal' growth in 2021. Looking forward, rising interest will increase the opportunity cost of holding cash, while geopolitical tensions will increase the motive to keep cash.
As reported by CashEssentials, Currency News has published updates on banknote developments at the global level.
Celebrate Cash News
Cash globally remains the most widely used and popular form of payment today. ATMIA’s goal 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:
View all past Pro Cash Newsletters here.
Please share Withdraw Cash Wednesday news with customers, friends and family to promote cash usage!
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