Wednesday, November 14, 2018
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Tag: Cashless

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
“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

ATM
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

contactless
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

cashless
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

cashless
  “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...

Lucky 13 for Embed and Nickels and Dimes’ Tilt Studios

Coinslot - FECs Embed Nickels Dimes
The Tilt Studio premiere FECs chain, owned by Nickels and Dime’s, is opening a number of new venues to be fitted by Embed this summer taking the total number to 13.   With three new Tilt Studio locations opening in Hawaii in the next month, Nickels and Dimes continues to rely on Embed as their preferred cashless, point of sale and...

Osborne planned 2p removal and a move to a cashless society by 2020

Coinslot - Osborne 2p
George Osborne previously attempted to scrap the 1p and 2p pieces in 2015 in a move towards “modernising” society but the change was blocked by David Cameron.   Former chancellor of the exchequer George Osborne came within weeks of announcing plans to take 1p and 2p pieces out of circulation - in a move that would have meant enormous consequences for...

Majority of Brits want to go cashless at theme parks

Coinslot - Theme parks
Cash is king, but for how long? The customer is saying they want more cashless in theme parks, according to a recent survey of visitors.   Sixty percent of British visitors at theme parks have said they would like use cashless payments when next visiting, according to a new survey. Omnico’s Theme Park Barometre interviewed 677 respondents from the UK - along...

Sean Patrick explores the cashless tipping point

Coinslot - sean patrick cashless tipping point
As the UK increasingly becomes a cashless society, Sean Patrick, owner of Harbour Amusements, contemplates which alternative payment system would best suit his arcade in St. Ives, Cornwall.   In journalist Malcolm Gladwell’s book, ‘The Tipping Point: How Little Things Can Make a Big Difference’, he defines a tipping point as “the moment of critical mass, the threshold, the boiling point”. Down...

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