Tag: cash

Cash mustn’t die, warns new study

cash, cashless, report
A new report has concluded that allowing the cashless revolution to completely replace notes and coins would represent a catastrophe for much of the population. Britain is at risk of “sleepwalking” into becoming a cashless society to the disadvantage of millions, a new study has ruled. Authored by ex-financial ombudsman Natalie Ceeney, the Access to Cash report estimated that as...

Bank of England provides insight into the future of cash

Coinslot - Bank of England Victoria Cleland
On the 50th anniversary of the ATM, Victoria Cleland, chief cashier and director of notes at the Bank of England, explains that rumours of a cashless society have been greatly exaggerated.   Analysing such statistics and the presence of a myriad of different payment types has led many to predict the death of cash. But if we dig further, it is...

Time is money according to Maggi’s Paul Yorke

Coinslot - Maggi Paul Yorke money
Time is money so the old adage goes, and now in a market of constant change and currency co-circulations, the phrase has never been so relevant, comments operations manager at Maggi Electronics, Paul Yorke.   Service doesn’t end at sale, and for those operating in a market as mercurial as that of coin op what happens past the point of purchase...

Cards overtakes cash, but the king is not dead yet

Coinslot - Card cash
The ATM turns 50, Visa declare war on cash, and the British Retail Consortium reveal that more than half of all payments in the UK were made on a card in 2016. The landscape of payments is changing and there is no doubt that the industry’s regulation must keep up - but is a completely cashless society beneficial or...

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