Cashless

Should You Ditch Your Cash? A Growing Number of Cities Say No Way

Should You Ditch Your Cash? A Growing Number of Cities Say No Way

CLOSE A credit card machine is shown at Mercedes-Benz Stadium during a tour for the NFL Super Bowl 53 football game Tuesday, Jan. 29, 2019, in Atlanta. During its sponsorship renewal with the NFL through the 2025 season, Visa envisions the first cashless Super Bowl. (AP Photo/David J.

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Five Million Consumers Choosing a Cashless Lifestyle

Five Million Consumers Choosing a Cashless Lifestyle

One in 10 UK adults, just over five million people, are choosing to live a largely cashless lifestyle, while debit cards continue to be the most popular payment method according to UK Finances latest Payment Markets Report.

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Where Has All the Cash Gone?

Where Has All the Cash Gone?

When I was a toddler, the first American ATM was installed in the Chemical Bank in Rockville Center on Long Island, N.Y. It was September 1969. Since then, along came the Walkman, the beeper, DVDs, laptops, the X-Box and the iPhone. Yet despite being surrounded by all this technology all my life, I still consider […]

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Transactions Grow, Yet Cash Still Preferred

Transactions Grow, Yet Cash Still Preferred

More cities and other municipalities are banning retailers from banning cash. Since a percentage of the population still operates in a cash-only environment, and many but not all, are low-income individuals, banning cash is the equivalent of banning this segment of society from these establishments.

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Rise in Cashless Payments Stokes Concerns Over Data Security

Rise in Cashless Payments Stokes Concerns Over Data Security

When bitcoin faithful began preaching the virtues of anonymous currencies, the pitch sounded familiar. I thought, ‘Haven’t we got that already?’ said Kirsten Thompson, a partner at Dentons and national lead of the firm’s transformative technologies and data strategy group.

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As Amazon Leads Cashless Charge, States and Cities Push Back

As Amazon Leads Cashless Charge, States and Cities Push Back

Rebecca Esparza works with homeless people and, having once lived in a shelter herself, knows what it’s like to navigate the U.S. economy if you don’t have much money. For most of her clients, cash is king because they lack access to the financial tools many Americans take for granted-checking accounts, debit cards, payment apps.

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Would Your Business Survive in a Cashless Economy?

Would Your Business Survive in a Cashless Economy?

There has been significant advancement in the way we transact goods and services. Now, as we shift further into the digital era, money is moving with the high tech times.

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Money: Five Predictions for the Future According to Experts

Money: Five Predictions for the Future According to Experts

Most developed economies are rapidly moving towards becoming cashless societies. In the UK, only 30 per cent of payments are now made using notes and coins, and that is expected to fall to 10 per cent by 2034. In Sweden, Europe’s most cashless society, notes and coins account for just 2 per cent of transactions […]

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Is It Viable to Have a Cashless Society? 

In most countries around the world, cash is still the most accepted form of payment. In America 70 of retail transactions are still made with cash, according to a recent study by the Pew Research center, but in some countries, Sweden for example, only 13 of transactions are paid this way.

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India Far Away From Being Less-cash Economy, Must Address Digital Payments Security Issues: Nandan Nilekani

India Far Away From Being Less-cash Economy, Must Address Digital Payments Security Issues: Nandan Nilekani

India is still very far away from being a less-cash economy and security issues around digital payments system needed to be addressed to make the mode more acceptable, Nandan Nilekani said Wednesday.

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Sweden: How Cash Became More Trouble Than It’s Worth

Sweden: How Cash Became More Trouble Than It’s Worth

As a report warns the UK’s cash infrastructure could collapse, we look at the lessons from abroad.

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Cashless Trend Becoming a Crisis Debate in UK, US

Cashless Trend Becoming a Crisis Debate in UK, US

The rise in mobile payments technology and the related pressure being placed on legacy banking systems is threatening the financial stability of millions of people in the U.K. and the U.S., experts say, as bank branches and ATM’s begin to pull back from unprofitable areas and retailers increasingly move away from cash. A report in […]

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