Money

Monetary theory teaches that the three functions of money are a store of value, a unit of account, and a medium of exchange. This article reveals a fourth fundamental function - identification - and questions the political and social implications for private and public issuers of money.

As global payments revenues exceed $2 trillion or 2.2% of the world's GDP, a growing number of stakeholders are vying to capture market share. Can cash compete in the new space race?

Cash is not only the most popular payment method in Canada, it's also the cheapest to handle for merchants.

Mobile money payments could be at risk of facilitating money laundering activities, a US Department of State report finds.

After having noticed some unusal activity, America's Internal Revenue Service (IRS) is using the John Doe summons to dig deeper into the bitcoin world in its fight against tax evasion.

ATM withdrawals have grown 50% since 2011 while in Europe growth has remained stable at 8%.

After expanding its cash-accepting service to 10 countries in Asia, Uber is ready to deploy the same service in Europe, starting in Manchester.

Cardtronics aquires DirectCash Payments expanding its reach to Australia and New Zealand and scaling its presence in Canada and the United Kingdom.

Banks are simply betting on the payment method with the highest returns.

Keep offering physical wallets for your friends' birthdays.

Cash allocations help boost economic growth, trade and offer greater dietary flexibility to refugees compared to food allocations.

Cash keeps its strongholds and is used in parallel to other payment methods, including mobile apps.