News | Cash & Payment News

John Winchcombe

20 Dec. 2024

2 min read

BI’s wCBDC Proof of Concept Results

Bank Indonesia (BI) has published a paper on a technical proof of concept (PoC) for a wholesale CBDC (wCBDC). BI had compared R3’s Corda enterprise blockchain and Ethereum-based Hyperledger Besu, but the report did not make a definitive choice at this stage.

CBDC

John Winchcombe

20 Dec. 2024

5 min read

CBDC News

Russia’s Ministry of Industry wants a two year transition before mandatory adoption of a digital ruble. It is concerned that the necessary infrastructure is not ready. It is currently planned to become mandatory for large retailers by July 2025.

CBDC

John Winchcombe

20 Dec. 2024

4 min read

A New Focus on Understanding Financial Inclusion

The Federal Reserve Bank of Kansas City has written a paper investigating who is underserved when it comes to digital payments, the starting point for working out how to include them in today’s digital economy.

Digital CN

John Winchcombe

20 Dec. 2024

3 min read

How Low Value Transactions Across Borders are Changing Payments

While the revolution in information and communication technology, the emergence of China as a global manufacturing exporter, and the expansion of global value chains in the 1980s started a new phase of globalisation, the relatively recent rise in e-commerce and direct-to-customer sales, facilitated by online retail platforms, is leading to a new feature of international trade, namely an increase in the number of low-value transactions.

Retail

John Winchcombe

20 Dec. 2024

2 min read

Smart Safes and Cash Management

At the 2024 Association for Financial Professionals national conference in the US treasurers from Starbucks, Staples and Inspire Brands (who run a number of US restaurant chains) explained the benefits of using smart safes for cash management.

Cash Management

John Winchcombe

29 Nov. 2024

5 min read

The Implications of Mandated Cash Acceptance and Regional Bank Branch Levies

Matt Sykes of The CPT Group has published an interesting article on LinkedIn. While it discusses recent changes, and possible changes, to the Australian cash system, the article raises questions for all.

Country Profile

29 Nov. 2024

4 min read

Research Based Campaigning for Cash

Pascal Wicht, Strategic Designer at SICPA, presented at October’s ATMIA conference on the social role of cash, particularly for Gen Z. This work forms part of the International Currency Associations (ICA) programme of understanding and advocating for cash by going beyond the pure retail and payment functions of cash.

Future of Cash

John Winchcombe

29 Nov. 2024

5 min read

CBDC News

The Deputy Governor of Norges Bank, Pal Longva, has said that Norway has ‘no urgency’ around its digital currency initiatives. Norway has completed four stages of CBDC investigation. It is now concentrating on applications of wholesale CBDCs in a fifth phase of work to be completed by the end of 2025.

CBDC

John Winchcombe

29 Nov. 2024

5 min read

Moving Beyond Neutrality: Now is the Time for Action

In September Franz Seitz and Gerhard Rösl published a paper laying out the challenges and risks faced by cash in countries moving to being less cash societies. It is a tour de force providing both facts and arguments about what can be done. It provides the context and the arguments for the future of cash discussions heard at every conference this autumn – ATMIA, Coin, Retail Branch Transformation, High Security Print.

Future of Cash

John Winchcombe

29 Nov. 2024

5 min read

News in Brief

A Norges Bank survey estimates only 3% of consumers pay with cash, although more would do so if shops would accept cash. Norges Bank and the government have recently added an amendment to the Central Bank Act that clarifies consumers’ right to pay with cash up to an amount of 20,000 kroner.

News

John Winchcombe

29 Nov. 2024

3 min read

ATMIA Urges Rethinking of Domestic ATM Interchange Fee Model Amid Rising Operational Costs

Domestic ATM cash withdrawals are subject to interchange fees, which are designed to compensate ATM deployers for operational costs. These fees have remained largely unchanged for years, in spite of rising operational costs. This divergence poses a threat to the sustainability of ATM networks.

ATMs

John Winchcombe

29 Nov. 2024

5 min read

Payment News

The US regulator, the Consumer Financial Protection Bureau (CFPB), wants to extend its regulatory scrutiny to include tech giants such as Apple and Google and their digital payment apps and wallets.

News

John Winchcombe

29 Nov. 2024

4 min read

Debating the Need for CBDC

The Digital Currency Conference took place in London in September this year, starting with a workshop focused on the Digital Pound. This spent time trying to establish the use cases that make a Central Bank Digital Currency (CBDC) a necessity so that it is actually used. This is a recurring topic currently as central banks work through whether to introduce a CBDC.

CBDC

John Winchcombe

29 Nov. 2024

3 min read

Central Bank Forecasting of Cash Demand with AI

Artificial Intelligence (AI) is a hot topic and there are a number of conferences focusing on how central banks could, and should, be using it. Jelena Stapf, Head of Division Branch operations, IT Applications and Automation, Bundesbank (BBk), presented how the BBk’s cash demand is using it at the ATMIA conference.

AI

John Winchcombe

29 Nov. 2024

2 min read

Clear Thinking on CBDCs in Israel

At the Digital Currency Conference, the Bank of Israel (BOI) laid out its CBDC approach starting with looking at the rapid growth of digital payments as a proportion of all payments across the world. Cash may be holding up in absolute numbers but relative to the total, it is falling fast.

CBDC Country Profile

John Winchcombe

29 Nov. 2024

4 min read

Enhancing the Resilience of the Cash Infrastructure

At the ATMIA Europe & Emerging Markets conference in October Thierry Lebeaux, Secretary General of the European Security Transport Association (ESTA) presented about the impact of less cash in the euro area on the cash in transit industry. Dr Rüdiger Voss also presented on the European Commission Euro protection and euro cash.

Future of Cash

John Winchcombe

29 Nov. 2024

2 min read

Key Messages from Retail Banking Transformation Europe 2024

To pick out a small number of presentations, NCR Atleos and Brinks talked about the trend to outsource ATM services and management. Tietoevcy focused on a different type of outsourcing, ATM pooling using Bankomat in Sweden and Geldmaat in the Netherlands as examples, and the Eika Alliance in Norway presented their pooling operations and approach to banking.

ATMs

John Winchcombe

29 Nov. 2024

2 min read

Innovating to Succeed

The Datos Retail Branch Transformation Europe event in London brought together the full cross section of organisations involved in cash management, including central and commercial banks, cash management and cash in transit companies, machines and software suppliers, think tanks and more, in the context of creating the retail bank branches fit for today’s reality.

Events

Astrid Mitchell

31 Oct. 2024

3 min read

SICPA’s Pushes Forward with Sustainability

SICPA recently issued its 2023 Sustainability Report. Following the publication of its first Corporate Social Responsibility report in 2013, this report details its systematic approach across the whole spectrum of ESG activities.

John Winchcombe

24 Oct. 2024

4 min read

Mobile Payments Remain Muted in Canada

A staff working paper by the Bank of Canada seeks to understand what would be possible if Canadians made more mobile payments.

Studies, Reports

Latest News

BI’s wCBDC Proof of Concept Results

CBDC News

A New Focus on Understanding Financial Inclusion

How Low Value Transactions Across Borders are Changing Payments

Smart Safes and Cash Management

The Implications of Mandated Cash Acceptance and Regional Bank Branch Levies

Research Based Campaigning for Cash

CBDC News

Moving Beyond Neutrality: Now is the Time for Action

News in Brief

ATMIA Urges Rethinking of Domestic ATM Interchange Fee Model Amid Rising Operational Costs

Payment News

Debating the Need for CBDC

Central Bank Forecasting of Cash Demand with AI

Clear Thinking on CBDCs in Israel

Enhancing the Resilience of the Cash Infrastructure

Key Messages from Retail Banking Transformation Europe 2024

Innovating to Succeed

SICPA’s Pushes Forward with Sustainability

Mobile Payments Remain Muted in Canada

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