Costs of cash versus costs of electronic payment instruments

As the number of ATMs has significantly decreased in recent years, SIX and Diebold Nixdorf are entering into a cooperation to secure the long-term cash supply through ATM pooling. However, the Swiss Post also aims to be the sole ATM operator.

U.S. consumers paid credit card issuers $130 billion in interest and fees in 2022. In March, the Biden Administration curbed excessive credit card late fees.

Digital payments become a nightmare after losing your mobile phone, as I learned from two robberies in London last year.

Digital payments become a nightmare after losing your mobile phone, as I learned from two robberies in London last year. 

HSBC’s mobile and online services were out on Friday, November 24, causing dismay among customers relying on digital banking channels to conduct everyday transactions.

Outages in the RedSys platform brought down digital payments in much of Spain on November 18 and 23, raising questions about the vulnerability and resilience of the digital payments infrastructure.

Most Palestinians remain unbanked despite the Palestinian Monetary Authority’s efforts to promote digital payments. Cash withdrawals are the biggest component of e-wallet transactions in the West Bank and Gaza.

Many seniors and people living with disabilities find it easier to use cash as opposed to card and digital payments.

Card issuers and payment networks are belatedly acting to counteract the environmental footprint of first-use plastic cards.

U.S. credit card balances hit over $1 trillion in June for the first time. Senator Richard J. Durbin introduced a bipartisan bill to lower credit card fees by increasing competition in processing networks.

Cash is the second most used payment instrument in South Korea. Digital payments proliferate, leaving vulnerable groups behind.

Digital payments have expanded greatly in Spain in recent years, but cash usage remains resilient.