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COVID-19: Infection risk from handling cash is low, Bank of England concludes
The study found that even if exposed to a high dosage equivalent to being directly sneezed on, the virus did not survive at high levels on notes - either of the modern polymer or old-fashioned paper variety - for very long.
Survival of the coronavirus on notes appeared in fact to be lower than on many of the other surfaces with which people come into contact in their day-to-day life.
| | ATMs in 2021: Change is on the horizon
In 2021, the world hopes to see a gradual return to a "new normal" and as this occurs, the ATM will be a lifeline to demographics who are not comfortable with digital banking, or who are reliant on cash.
ATMs, far from simply serving utilitarian, transactional purposes can, in fact, become relationship-building tools for banks that opt to add capabilities such as two-way video, account opening, instant card issuing, check book printing and other multifunction technologies.
READ MORE...
| | Cash in the time of Covid
Changing technology and an evolving financial services market account for some of the shift in demand. But other factors also have a role to play, especially in the short term.
This article explores the impact of the Covid pandemic on cash usage. Our work to understand the impact of the pandemic on cash use is ongoing, and we will continue to build upon our initial analysis. This will include monitoring the impact of local, regional and national restrictions implemented in different parts of the UK.
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Protect Your ATM Fleet in the Era of COVID
This month's WCW Pro-Cash Newsletter featured article is from Fiserv.
Self-Service Tools Support Social Distancing
ATMs remain a vital channel for consumers to access cash and account information. Be sure you are addressing their concerns for safe, robust, frictionless cash and account access – especially in this era of COVID.
Your financial institution can drive agility, boost operational efficiency, and delight your consumers.
Today, everyone – baby boomers, millennials, Gen Xers – wants to regain control. Download “Self Service Supports Social Distancing” – to learn quick tips you can immediately implement to optimize the performance of your ATM fleet.
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ECB offers robust support of cash as digital payments creep up
Euro area consumers are gradually shifting towards cards for in-person retail payments, although cash remained the most used instrument at the end of 2019, according to data published by the European Central Bank.
Last year, consumers used cash for 73% of their point-of-sale and person-to-person retail transactions (48% in value terms). In a previous ECB study conducted in 2016, the figure was 79% of these transactions (54% in value terms).
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Ways to have cash to spend at the holidays instead of using credit cards
Make it a goal this year to create a separate holiday savings account that you can dip into next November and December.
Ultimately you want to start saving money in February or March for next Christmas. Maybe it’s a goal of a hundred bucks a month.
That way you have the cash to spend instead of credit cards when the holidays finally arrive.
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A truly cashless world is still a long way away for SA
Nine out of 10 payments made in SA are still in cash. Despite Covid-19 having done much to reduce the use of physical banknotes and coins — as that was seen as a possible vector for the disease — a truly cashless world is still a long way away, at least for SA.
The discussion also touches on BankservAfrica’s business model, relationship with banks and SA Reserve Bank, the number of transactions processed by their systems each day, ways in which payments can be improved in SA, the Rapid Payments Program and cross-border payments. READ MORE...
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This Month's Newsletter is Sponsored By:
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Fiserv is dedicated to delivering technology and services innovation to help its clients push the boundaries of what's possible in financial services, delivering deep expertise and innovative solutions to help financial institutions, businesses and consumers move and manage money faster and with greater ease than ever before.
As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale solution.
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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 recent 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!
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Promote positive spending habits and easily accessible cash for consumers
Purchase Withdraw Cash Wednesday decals, posters, wraps and more from GetBranded.com here.
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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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