War on Cash RSS

Despite all the hype around a cashless society – and paranoia from conspiracy theorists about government control through Central Bank Digital Currencies – there’s growing evidence we may have hit... read more

The post Cash: Don’t write it off just yet appeared first on Payments Cards & Mobile.

Despite all the marketing money spent on promoting electronic payments over many decades, cash still accounts for around 80 percent of consumer payments worldwide. So, is a cashless society a realistic aspiration, or is less cash the best we can hope for? The first coins were issued in around 640 BC in Lydia, modern Turkey. [...]

The post The war on cash appeared first on Payments Cards & Mobile.

The Bank of England recently reported a 5% rise in the volume of cash circulation in the UK.  If the volume of cash continues to increase at even half of this rate, Wincor Nixdorf predicts that by 2020 banks will be handling 13% more cash, compared to today. The rise of cash in circulation means that [...]

The post Losing the war on cash? UK banks predicted to handle 13% more by 2020 appeared first on Payments Cards & Mobile.

Worldpay is threatening to make the manual cash register obsolete with a new payment device. The payment processor claims that its all-in-one tablet-based till will completely change how small business owners collect and reconcile payments in stores. My Business Hub consolidates the cash register, payment device and receipt printer into an integrated payment device. This [...]

The post Worldpay declares war on cash register appeared first on Payments Cards & Mobile.

The European Central Bank has stopped producing €500 notes, in a move it depicts as a crackdown on crime but which critics in German-speaking countries say is part of an onslaught on cash and savings. Top eurozone officials argue that the €500 bill, the euro’s highest denomination note, is the banknote of choice for the [...]

The post War on Cash: ECB scraps €500 notes appeared first on Payments Cards & Mobile.