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Cash and Crises
Cash is efficient
ATMIA calls for Universal Cash Deposit
April 20, 2021
A new ATMIA position paper calls for Universal Cash Deposit, an interoperable solution whereby a customer from one bank may deposit cash at ATMs owned and operated by other banks or ATM deployers.
MasterCard Changes Tack on a Future without Cash
January 25, 2021
For Mastercard CEO Ajay Banga, financial inclusion will be a critical part of post-Covid-19 economic recovery. He recognises that cashless “is something we are not going to get to and probably shouldn’t”.
Cryptos Consume more Energy than Expected
January 12, 2021
As Bitcoin reaches new records, it is also guzzling epic levels of energy and its environmental footprint is on the rise.
Prosegur Goes Green and Introduces Hybrid and Electric Armoured Trucks
September 18, 2020
Prosegur Cash has launched a comprehensive sustainability plan with the aim of reducing the environmental impact of its activities. The company aims to achieve a 1.5% reduction in the direct CO2 emissions of its armoured fleet by 2020. To do so, the main levers are the hybridisation and electrification of their vehicles.
The Cash Cycle in Disasters
April 23, 2020
Cash and Crises, a series of financial literacy video series by CashEssentials releases its fifth episode with a social mission to support the relief and development community in understanding how cash is managed for society in times of crisis.
A Wave of Consolidation in the Cash Management Industry
February 28, 2020
Brink’s announces the acquisition of G4S cash operations and invests in Moneygram. Loomis consolidates its position in the Nordics, with the acquisition of Finnish ATM network Automatia. Crane Co acquires Cummins Allison.
India’s PhonePe App Facilitates Cash Withdrawals in Shops
February 18, 2020
India’s popular Payments App, PhonePe allows customers to withdraw cash free-of-charge from shops that the company has partnered with.
The Cash Agenda for 2020
February 12, 2020
Pieter Steyn from SBV, South Africa's bank-owned cash management utility, discusses the challenges for 2019 and the priorities for 2020.
UK Banks have Saved £120 Million by Closing ATMs
February 10, 2020
According to consumer Association, Which? the closure of ATMs have saved UK banks £120 million in ATM interchange fees and cost consumers £104 million in surcharging.
India launches Cardless Cash Withdrawal
January 31, 2020
ICICI Bank of India has launched a cardless cash withdrawal service, where customers no longer require a payment card to withdraw cash from ATMs.
Understanding the Costs of Payments
January 30, 2020
CashEssentials will be holding a one-day seminar entitled ‘Understanding the Costs of Payments’ in Madrid on the 20th of April 2020. The seminar will bring together economists, researchers, academics and payment experts.
Irish Banks to Sell a Third of their ATMs to Independent Deployers
January 28, 2020
Bank of Ireland and Allied Irish Bank are planning to sell over 1,000 cash machines, sparking concerns from consumers that the move will lead to hike in fees for cash withdrawals.