News | Cash & Payment News

John Winchcombe

26 March 2025

3 min read

Chief Cashier as a Part-Time Job?

Stefan Hardt, Chief Cashier of the Bundesbank, posed this question at the recent Intergraf Currency+Identity conference in Milan. Ironically, this comes just as the Bank of England appoints Victoria Cleland to have a combined role of being Executive Director for Payments and Chief Cashier. Sarah John, the current Chief Cashier, is moving to be the Bank’s Chief Operating Officer.

Cash Usage Free Free

John Winchcombe

26 March 2025

2 min read

Criminals Ahead of the Authorities on Payment Fraud

Veriff, the AI-driven identity verification company, has issued two payment fraud reports which show that fraud affects almost one in 20 (5%) transactions. The Federal Trade Commission’s (FTC) annual fraud report found fraud has exploded in the last two decades.

Studies, Reports

John Winchcombe

26 March 2025

3 min read

Removing Digital Barriers for Accessibility

We live in a digital age. But not everybody finds that easy. A recent paper by the Bank of Canada explores some of the challenges that digital systems create. Its conclusions are important for anybody working on digital interfaces and systems, not just those focused on digital payments.

Digital Payments

John Winchcombe

26 March 2025

3 min read

CBDC: a Solution in Search of a Problem?

An interesting Finextra article examines whether CBDCs are being planned without public support, the ‘solution in search of a problem’ conundrum. There are though, two distinct issues: the policy rationale (the fundamental problems a CBDC aims to address) and the use cases (why individuals might actually adopt it).

CBDC

John Winchcombe

26 March 2025

2 min read

Legal Developments Needed for a Token-Based CBDC

Account-based Central Bank Digital Currency (CBDC) is not a radical departure from existing forms of money. While there is a need to amend and develop existing public law in the form of central bank and monetary law for CBDC, tokenbased CBDC represent a new form of money. The IMF has already written about account-based CBDC. It has now issued a paper on the private law framework needed for a retail token-based CBDC.

CBDC

John Winchcombe

26 March 2025

2 min read

The Role of Small Payments and Cash

An article in the BBN Times has explored the future of digital payments, particularly where users convert digital transactions into real cash, which they refer to as small payment cashing, and what users can expect in the coming years.

Cash Usage

Chander S Jeena

19 March 2025

5 min read

AGS Transact’s Downfall: A Cautionary Tale for India’s Fintech Industry

In the fast-changing world of financial technology, companies that once soared can just as quickly find themselves in free fall. AGS Transact Technologies, a prominent player in India's digital payments and cash management sector, is currently at the centre of a developing crisis that has sent shockwaves through the industry.

News

John Winchcombe

28 Feb. 2025

5 min read

Future of Cash in Germany

On 5 February 2025, the Deutsche Bundesbank held its sixth cash symposium in Berlin. Around 120 participants from politics, industry and society attended.

Free Future of Cash Free

John Winchcombe

28 Feb. 2025

3 min read

News in Brief

In the context of the decline of cash usage in Sweden, the Deputy Governor of Sweden’s Riksbank, Aino Bunge, has emphasised the need for regulation to protect the status of cash at a seminar in Sweden’s parliament.

News

John Winchcombe

28 Feb. 2025

3 min read

Conference Update

The High Security Printing (HSP) Latin America conference will take place 9-11 June in Rio de Janeiro. The call for papers is open until 10 March and the early registration discount ends on 16 March. On Monday 9 June there will be a day long workshop dedicated to sustainability.

Events

John Winchcombe

28 Feb. 2025

5 min read

CBDC News

A recent survey has shown that the Israeli public is open to using a Digital Shekel. While 51% of respondents had either a high or intermediate interest in the digital currency, privacy did not rank as particularly important, and interest in the CBDC increased with age.

CBDC

John Winchcombe

28 Feb. 2025

4 min read

What’s in a Name?

A new paper by the European Money & Finance Forum (SUERF) examines the importance of words. It examines the words and language used to in current economic and policy discussions of these developments in digital money and payments because their use is causing confusion.

CBDC

John Winchcombe

28 Feb. 2025

4 min read

Bringing Secure Offline Functionality to Digital Payments

Lars Hupel, from Giesecke+Devrient (G+D), makes the case for the importance of offline functionality in payments in a new white paper titled ‘Secure Offline Digital Payments’.

Digital CN

John Winchcombe

28 Feb. 2025

3 min read

UK Banks Quizzed About Payment Resilience

In the UK at the end of January Barclays Bank had a major IT outage, followed by HSBC, which meant customers could not use their online banking. At the same time Lloyds Bank and NatWest have announced even more bank branch closures and the UK government has confirmed it will not require retailers to accept cash payments.

Future of Cash

John Winchcombe

28 Feb. 2025

5 min read

Understanding the Unbanked

Every country has the ‘unbanked’, those without access to the financial system. A paper at the end of last year from the Federal Reserve Bank of Philadelphia explored the situation in the US by looking at the biennial Federal Deposit Insurance Corporation (FDIC) National Survey of Unbanked and Underbanked between 2015 and 2019. The paper aimed to understand those who are unbanked and how these relationships evolved.

Cash Usage

John Winchcombe

28 Feb. 2025

2 min read

How Important is the Singleness of Money?

The singleness of money is that principle that all different forms of money must have the same value at all times and be interchangeable at par and without cost. A criticism of regulators such as the Bank for International Settlements (BIS) and Bank of England (BoE) is that stablecoins may undermine the ‘singleness of money’.

Future of Cash

John Winchcombe

28 Feb. 2025

3 min read

New White Paper Offers Options to Manage the Cash Cycle Better

A new white paper investigates how cash management is changing and best practice for optimising efficiency, thereby reducing the cost and environmental impact of cash. Written by John Winchcombe of Reconnaissance International (co-publishers of Cash & Payment News™) and Paul Blond of The Blond Group, with help from the ATM Industry Association (ATMIA), the paper focuses on what happens to cash once it has been issued, because that is where the majority of the environmental impact of cash occurs.

Cash Management Sustainability

John Winchcombe

28 Feb. 2025

2 min read

A Stronger Industry Voice

The European Intelligent Cash Protection Association (EURICPA), the ATM Industry Association (ATMIA) and the European Security Transport Association (ESTA) have announced new three way strategic partnerships aimed at strengthening ATM security, tackling physical attacks on cash machines and cash transportation security.

ATMs

John Winchcombe

28 Feb. 2025

5 min read

Payment News

The Banque de France’s First Deputy Governor, speaking at the Central Bank Payments Conference in Paris in earlier this month, has said that it is addressing the significant changes in the payment system through a regulatory framework that is demanding but innovation friendly and making changes to ensure central bank money remains at the heart of settlement between intermediaries.

News

Patrice Rullier

28 Feb. 2025

2 min read

Dramatic Decline in Physical Attacks Across France

France has witnessed an unprecedented decline in physical attacks by criminals on ATMs, thanks to cutting-edge developments in security technology. Over the past decade, the implementation of Intelligent Banknote Neutralization Systems (IBNS) by Oberthur Cash Protection has played a pivotal role in this transformation.

ATMs

Latest News

Chief Cashier as a Part-Time Job?

Criminals Ahead of the Authorities on Payment Fraud

Removing Digital Barriers for Accessibility

CBDC: a Solution in Search of a Problem?

Legal Developments Needed for a Token-Based CBDC

The Role of Small Payments and Cash

AGS Transact’s Downfall: A Cautionary Tale for India’s Fintech Industry

Future of Cash in Germany

News in Brief

Conference Update

CBDC News

What’s in a Name?

Bringing Secure Offline Functionality to Digital Payments

UK Banks Quizzed About Payment Resilience

Understanding the Unbanked

How Important is the Singleness of Money?

New White Paper Offers Options to Manage the Cash Cycle Better

A Stronger Industry Voice

Payment News

Dramatic Decline in Physical Attacks Across France

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