Tag: Cashless

Cashless life on the rise, says UK Finance

UK Finance data Cashless on rise
Recently released data from banking organisation UK Finance shows that the ratio of adults living a “largely cashless” life

Every season is built on change

Electrocoin John A Stergides Park Avenue Open Day
Ahead of the Park Avenue Open Day Coinslot spoke to Electrocoin’s John A Stergides about what those attending can expect this coming Wednesday 5th June.

Is the US setting a trend? Florida’s largest FEC goes for cashless option

Xtreme Action Park Cashless Payments
So, is the US driving the marketplace? Is the cashless train heading this way sometime soon? The trend and evidence across the Atlantic is certainly..

Customers expect cashless commerce, even on Cat C

Two Cherries cashless Cat C
Two Cherries Technologies’ Howard Gant explains that while pubs have been hit hardest by the exponential decline of cash transactions, AGC and bingo clubs..

Southsea arcade goes cashless with Kwikpay

Kwikpay Cashless
Harry Levy Amusements has introduced an app-based cashless payment and customer interaction system into its Southsea Pier arcade from Kwikpay. Southsea is the first Harry Levy location to go cashless, with other arcades across the UK to follow. Kwikpay allows customers to make digital payments for rides and amusement machines using stored cards, Apple Pay and Google Pay. In...

British Seasides – Don’t call it a comeback

Electrocoin John Anthony Stergides 1000x562
Electrocoin’s John Anthony Stergides takes stock of the UK’s resurgent coastal leisure market, the products that have driven success to date and how..

AATAPI Wonderland Goes Cashless With Semnox Parafait

AATAPI Wonderland, Cashless, Semnox Parafait
In keeping with its reputation of successful implementation of unique large scale park projects, Semnox has recently completed automation of Arved Ajwa Theme and Amusement Park India (AATAPI). Situated in Ajwa on the outskirts of Vadodara, Gujarat, this Public Private Partnership (PPP) model project sprawling over 70 acres, is considered the biggest theme park in Western India. With over 60...

Reliability, functionality and flexibility will put Two Cherries on top

Two Cherries, solutions, cashless payments, voluntary player tracking
With a few industry players currently looking at providing a solution to the industry’s ongoing cashless challenge, IHL’s Howard Gant explains the qualities he believes will make Two Cherries’ smartphone app the pick of the bunch. What are the most important qualities in a payments smartphone app? Howard Gant: It almost goes without saying that security has to come first, but...

Cashless key for Rimini Solutions and Ask Global

Cashless, Rimini Solutions, Ask Global, payments
Rimini Guardian, under the Ask Global Solutions banner, showcased the latest developments in its payment processing systems. With cashless set to make headlines this year, the firm’s payment kiosks, SAS and multi protocol accounting and cashless systems proved extremely popular with delegates. “We saw a lot of demonstrations, and people wanting to talk about cashless systems,” said marketing spokesman Martin Bush....

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...

Is cashless necessary for the future of FECs?

Cashless payment phone
For pub machines it’s vital, for AGCs it’s important, but is a cashless system necessary for the future of the FEC, holiday park and seaside sector? Last week, Grand Pier owner Michelle Michael, Namco’s Trevor Sutton and Kevin Scott, head of arcades at Bourne Leisure provided their insights via the Bacta AGM Tech panel. Michelle Michael, owner of the Grand Pier,...

GRS Fantasy Park goes cashless with Semnox’s Parafait

GRS Fantasy Park, Cashless, Semnox, Parafait
Semnox Solutions has successfully enabled GRS Fantasy Park, Mysuru, to switch to complete automation. GRS Fantasy Park is a family water park and is one of the top tourist destinations in the beautiful city of Mysuru, Karnataka. Spread across 40 acres of lush vibrant greenery and pleasant surroundings, GRS offers an adventure filled day for the entire family. With over...

ATMs being removed from pubs, AGCs and FECs, reports Bacta

ATM Machine
ATMs are being removed from pubs, AGCs and FECs due to changes in commercial terms, according to Bacta, reporting information coming in from its members. To get to the bottom of the issue, the trade body has contacted the UK Treasury, which is currently in the process of producing a report on ‘cash and digital payments’ after consulting interested parties...

Suffolk pub claims to be first to go cashless

Cashless Society
The operator of The Boot in Freston, near Ipswich has claimed to be the first in the country to go completely cashless. Whilst the growth of card and contactless payments has been undeniable in recent years it did appear that the pub sector was loth to go all in on the form. This news coming out of Suffolk however may signal...

Cash machines closing up at alarming rate, says regulator

Cash machine
An increasingly cashless economy is to blame for ATM closures, but there’s still no sign of cashless payment for UK arcades. Free-to-use cash-machines are disappearing at a rate of 250 per month, according to national network co-ordinator Link. At present there are over 53,000 ATMs across the length and breadth of the country, down from 54,500 at the beginning of the...

Bank Holiday Bonanza for Playgo App

Mobile phone
Playygo, the cashless payment app from G-Squared Games, has recorded a bumper bank holiday surge in player engagement. The app, first previewed at EAG 2018, is the first to offer a fully comprehensive, machine agnostic cashless payment system. “Traditionally the August bank holiday is the beginning of an upwards trend in pub machine takings after the summer period,” explained G-Squared...

Customer, operator, Commission: With cashless technology, everyone’s a winner

Pound Coins
When a government-owned institution as old as The Royal Mint believes that it must have cashless payment options to survive in modern Britain, it creates a convincing picture for the amusements industry’s need to follow suit as soon as possible - and what better time before the Gambling Commission’s upcoming data drive? We need to be relevant to younger people...

Cashless under review as 300 ATMs close per month

ATM cashpoint
ATM network provider Link has launched an independent review into the effect of a cashless society on communities and small businesses, but many in the amusements industry are already feeling the crunch from cash machine closures. A review into how Britain’s increasingly cashless society is affecting communities and small businesses has been commissioned by ATM network provider Link, with the...

Cashless is coming, ready or not

ATM Machine
As the war on cash continues to be successfully waged, a new minister heading up the DCMS represents a fresh chance for the industry to put its case forward, argues Sam Spencer. At the end of this month a court case will decide whether ATMs inside shops will be classed as independent premises, and if so, they will become taxable...

Hannibal: DCMS must reconsider debit card prohibition

Peter Hannibal DCMS GBG cashless initiative
“If the Daily Mail article has any substance the news will serve to accelerate the migration of commerce from cash to digital cash and gaming machines will in turn get marginalised to a greater degree than they are currently. The Gambling Business Group is calling on the DCMS to reconsider the ill-judged dismissal of the request for the removal...

The war on cash: ATMs could face business rates

Retail giants are taking on the Valuation Office Agency over the application of business rates ATMs, and it’s a court case that could have far-reaching consequences for the gaming and amusements industry. A landmark court case could see ATMs inside amusements venues, pubs, and shops across the country classed as independent premises with their own rates to pay - a...

Tir Prince Fun Park adopts Semnox’s cashless system with thermal RFID wristbands

Tir Prince
Technology provider, Semnox Solutions, has announced the recent introduction of its Parafait cashless system at Tir Prince Fun Park, a premier family entertainment park in Towyn, North Wales. The implementation includes unique RFID thermal wristbands for unlimited daily or weekly packages with various details printed on the band for quick reference. “We have a distinctive business requirement compared to fellow park...

Britain could be cashless in 10 years despite risks

Recent studies have shown that many British consumers believe a cashless society may come to pass within the next 10 years, despite recent warnings of what over reliance could bring. Research conducted by the business insight experts, Equifax, has revealed that more than one third of Britons believe that the UK economy will be a cashless one within the next...

Cashless overtakes cash for the first time in the UK, says new research

Cashless payment phone
Research from trade association UK Finance has said almost two-thirds of people in the UK are now using contactless, with 13.2 billion card payments in 2017 overtaking cash payments (13.1 billion) for the first time. Cash is still the second most frequently used payment method, accounting for 34% of all payments in 2017, but that figure is expected to fall...

Industry must persuade Commission on cashless

Cashless Society
Despite no movement on cashless and contact- less payments in the Triennial Review, the DCMS has encouraged the industry to continue its engagement with the Gambling Commission. “There appears to be continued industry wide support for the introduction of contactless payments, especially given the potential for corresponding player protection measures that could be introduced alongside this form of payment,” the...

Industry leads search for contactless solution

Cashless payment phone
The industry’s leading trade associations assembled last month to discuss a technology-led solution to the problem of an increasingly cashless society. The consensus on the best approach? An industry-wide phone app. Gambling Business Group and the Bingo Association met to propose a collaborative industry response to the UK’s increasingly cashless society, concluding that a ‘universal’, industry-wide phone app is the...

Cashless not waiting for stragglers

Britain will move beyond "peak cash" later this year, according to data gathered by the Guardian, which also shows JD Wetherspoon cash payments falling by about five percentage points every year for the past four years.   Indeed, the pub chain’s cash purchases in 2016-17 were around 60 percent - still above the halfway mark, but down from 78 percent in...

Cashless can drive social responsibility, Emerging Payments Association boss says

2553-Business-lead-DavidParker cashless
  John White introduced David Parker of the Emerging Payments Association to the Bacta Convention with a warning that he may “scare some operators”. However, the payments expert outlined how a cashless future could provide an inbuilt social responsibility method.   Highlighting the decline of cash and the urgent need for the amusements industry to go cashless, David Parker, Emerging Payments Association...

Gambling Business Group develop new cashless payment solution

  “It is vital to the long term health of the sector that the DCMS lift the ban on the use of debit cards with gaming machines.” So says trade conglomerate the Gambling Business Group which has made moves to pave the way with the launch of a new pioneering a new ATR initiative to process debit card transactions.   The Gambling...

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...