ATM

A new paper analyses the spatial distribution of ATMs and bank branches in Switzerland. On average Swiss residents have easy access to cash as 90% live within 2.7 km of an ATM and 3.7 km of a bank branch. Those who live more than 5 km from an ATM or bank branch account for 2.6% and 4.9% of the population, respectively.

Elsewhere on the Web is a new CashEssentials section with curated links to news and articles on cash and money. Last week, cryptocurrency ATMs were under the spotlight.

Watch the presentation video by ATMIA of some of the previous years’ top ATMmy’s winners who discuss the strategy, development, and results of their leading campaigns.

As the number of bank-operated ATMs continues to decline in France, new solutions are enabling access to cash throughout the territory. ATMs are due to be installed in tobacco shops as part of a pilot programme.

Under a memorandum signed by the Bank of Lithuania and financial institutions, the number of localities with cash withdrawal facilities is set to double within one year.

At ATMIA’s 22nd Annual US Conference in Las Vegas last week, the association recognized the third annual ATMmy International ATM Industry Marketing Awards winners.

As we celebrate this year’s World ATM Day on 27 June, The ATM Appreciation Society is featuring the world’s most extreme Automated Teller Machines! Cast your vote and join this fun take at celebrating the pivotal role ATMs play in reducing disaster risk and enhancing financial inclusion.

The Atlanta Fed announced the formation of a Special Committee on Payments Inclusion to find solutions for cash-reliant individuals to become better connected to innovative financial services.

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.

The ATM Industry Association (ATMIA) this week launched Cash Hub. The new portal will house global information about pro-cash initiatives and trends, as well as stories from members about cash during and beyond the pandemic, as a resource for the industry.

Sweden, once the poster child of a society without cash, is increasing the number of cash centres and ATMs to ensure access to cash for all.

Nina Wenning, the CEO of Bankomat, the Swedish bank-owned ATM operator calls for the central bank to incentivise retailers to accept cash by subsidising the cash cycle.