Technology

Findings in the latest BIS survey unveils that central banks are in no hurry to issue a digital version of their currency — assuring us that cash remains a stable lifeline amidst digital falls.

As businesses and individuals in the UK increasingly use contactless and cashless payments, the question remains whether a fully cashless society would truly benefit all members of society.

Thanks to technological advancements, retailers can now handle cash much faster, at a lower cost and for immediate returns.

The Federal Reserve Banks will adopt global standards for supply chain logistics and package tracking to ensure that depository institutions have sufficient supplies of currency and coin to meet public demand.

With over 80% of people-to-people transactions carried out in cash in the US, the tooth fairy has little time to sit around.

The country should deploy 15,000 enhanced ATMs by March 2018.

Need cash but don't have time to walk to the nearest ATM? No worries, the Sonect app can easily show you which shops in your immediate vicinity can give you cash by simply using your smartphone!

ATMs are the pioneers for most of the technology used in smartphones and computers. In fact, numerous things were first tested on ATMs before being used elsewhere.

In order to stay in the race against e-payments, banknotes must embrace new technologies and use these to their benefit.

ATM providers are striving to adapt their cash machines to the digital shift and introduce new functionalities and services, including cardless withdrawals and remote assistance.

A recent survey demonstrates that the great majority of French consumers rely on ATMs but would appreciate new functionalities to be added.

The Royal Mint recently issued its new £1 coin incorporating sophisticated security features.