Sunday, January 23, 2022

Tag: cash

Is cash a king in abdication or will the seaside sector remain a loyal territory?

Cash Seaside sector gambling 2p Pusher
Poppleston Allen solicitor and gambling industry expert Imogen Moss tackles the big debate on cash in the modern society. Whilst coins and notes are fighting to retain their place on the currency ladder, she suggests the future for arcades is brighter than many may think.

Select Committee reports that 213 bank branches are ‘last in town’ putting access to cash at risk

Access to Cash branch closures
Access to cash has attracted cross party support and the picture emerging from the Commons Treasury Select Committee is not good news for the millions of individuals and small businesses who rely on it.

Cash on site makes AGCs a target for criminals

John White cash on site makes AGCs target criminals
A recent rise in robberies at AGCs further underlines the need for the introduction of cashless payments, Bacta CEO John White contends.

Age UK calls on government to introduce Universal Service Obligation to guarantee access to cash

Age UK cash shopping report
In its new report ‘Short-changed: How the decline of cash is affecting older people’, charity Age UK warns that being cut off from cash and banking services is tantamount to being excluded from society

Britain set to be close to cashless within 3-years, according to global payments report

Cashless within 3 years global payments report
The decline in consumers’ use of cash is considered to be among the most dramatic shift in payment methods in history with forecasts suggesting it will fall to 7 percent of spending in shops by 2024.

Which? secures big name retailer backing to protect cash

Which - retailer backing to protect cash retail
Up to 10m people in the UK are dependent on cash and Which? has secured the support of retailers and the government to protect them.

Covid has put ten years on cash and a handicap on cash-reliant machines

Covid puts 10 years on Cash reliant machines
With Covid accelerating the use of cashless payments as well as other customer behaviours, some hospitality businesses are choosing to ditch cash entirely - leaving cash-reliant gaming machines in danger of inhospitable environments.

Purchase free cash access trial gets underway

ATM scheme trial
A small number of shops throughout the UK are trialing a new scheme sponsored by ATM operator Link, in which convenience stores offer customers cashback services without requiring an in-store purchase.

Bacta bans under-18s playing Category D cash fruit machines

Bacta Category D under 18s Cash Fruit Machines
In a radical move away from decades of playing on ‘fruit machines’, Bacta members have decided to raise the age limit for players to 18.

Covid leads to massive decline in cash withdrawals

ATM use cash withdrawals
Many argued it was already on the way out…but new figures released by ATM network operator Link show that Covid-19 may well represent the final nail in the coffin for the widespread use of hard currency in the UK.

Treasury tells banks to protect access to cash

Cash payments ATMs
The Treasury has instructed the clearing banks to come up with a set of proposals to ensure that cash remains available nationwide.

Is the writing on the wall for cash as payments predicted to be 1 in 10 by the end of the decade?

Coins Royal Mint
The Royal Mint has confirmed that it will not be making any new £2 or 2p coins until 2030 at the earliest.

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...