Latest News

844 articles online

All Access to Cash AI Apps ATMs Bank Branch Cards Cash Centre Cash in Circulation Cash Management Cash Usage CBDC Central Banks CIT Coins Commercial Banks Country Profile COVID Crime Cryptocurrency Data Analytics Digital CN Digital Payments Editorial Events Free Future of Cash News Payments POS Resilience Retail Stablecoins Staff Papers Studies, Reports Surveys Sustainability

John Winchcombe

28 Jan. 2022

7 min read

Lessons Learnt Managing a Declining ATM Estate

As the number of ATMs and use declines, authorities face challenges relating to competition policy and appropriate regulations. The Bank of Finland is no exception and has written about their experience and the extensive academic work done on this topic.

ATMs Country Profile

John Winchcombe

28 Jan. 2022

5 min read

Payment News

Amazon has decided to continue to accept Visa credit cards in the UK, reversing its decision to stop on 19 January. The reason for the change of heart is not clear but it is assumed that Amazon will have negotiated price concessions from Visa.

News

John Winchcombe

28 Jan. 2022

4 min read

News in Brief

Fear of COVID-19 transmission by banknotes remains in Taiwan despite the worldwide research that demonstrates the risks are extremely small, no more than touching any other object in a public space.

News

John Winchcombe

28 Jan. 2022

3 min read

A Prediction for the Future of Money

A CoinDesk columnist, J P Koning, has bravely made five predictions about the future of money.

Future of Cash

John Winchcombe

21 Jan. 2022

7 min read

BIS Working Paper 989: 'CBDCs in Latin America and the Caribbean'

The Committee on Payments and Market Infrastructure carried out a survey of central banks in Latin America and the Caribbean asking about their work on CBDCs on behalf of the Bank for International Settlements.

CBDC Digital CN

John Winchcombe

13 Jan. 2022

3 min read

Can CBDCs Increase Financial Inclusion?

Peterson Ozili has written a paper looking at the possible benefits of bringing the unbanked into the formal financial sector. In addition to listing the arguments for and against, he also includes a literature search outlining their key conclusions.

CBDC Digital CN

John Winchcombe

6 Jan. 2022

4 min read

Bank of Canada Staff Working Paper 2021-63: 'Central Bank Digital Currency and Banking: Macroeconomic Benefits of a Cash-Like Design'

The Bank of Canada has considered what the impact of introducing a cash-like, deposit-like or universal CBDC would be on consumption, banking and welfare.

Digital CN

John Winchcombe

6 Jan. 2022

5 min read

Bank of Canada Staff Discussion Paper 2021-17: 'Revisiting the Monetary Sovereignty Rationale for CBDCs'

This paper looks at the implications of currency substituting that go beyond the functions of central banks, to consider the key differences in monetary policy and LLR, and to assess the implications and risks of currency substitution and how they vary between countries.

Digital CN

John Winchcombe

6 Jan. 2022

4 min read

Bank of Canada Staff Working Paper 2021-65: 'Predicting the Demand for Central Bank Digital Currency: A Structural Analysis with Survey Data'

With 14% of central banks at the pilot stage of exploring a possible future Central Bank Digital Currency (CBDC), this paper seeks to address three related questions; What would be the demand for a CBDC?, How would different design attributes affect demand?, and To what extent would a CBDC impact the demand for cash and deposits?

Digital CN

John Winchcombe

6 Jan. 2022

3 min read

Bank of Canada Staff Working Paper 2021-67: 'Best Before? Expiring Central Bank Digital Currency and Loss Recovery'

An offline ability to use CBDCs could make them more inclusive for those who find the digital world hard to access. This paper considers whether an expiry date on CBDCs would add to the usefulness of CBDCs.

Digital CN

John Winchcombe

21 Dec. 2021

4 min read

Six Payment Megatrends Identified in South Africa

BankServ Africa builds and operates essential payment infrastructure in South Africa and 20 other countries. It operates as a utility with a mutual ownership structure of Nedbank, Absa Bank, the Standard Bank of South Africa and FirstRand Investment Holdings.

Country Profile

John Winchcombe

21 Dec. 2021

4 min read

2021: A Year in Review

12 editions of Cash & Payment News™, 12 weeks of Digital Currency News™. What have we learnt? What has changed?

Editorial Free Free

John Winchcombe

21 Dec. 2021

1 min read

Post Offices and the Unbanked in the US

Post offices are often proposed as a solution to providing access to cash. The US Center for Monetary and Financial Alternatives have argued that this is to fundamentally misunderstand the case of the unbanked.

Country Profile

John Winchcombe

21 Dec. 2021

5 min read

News in Brief

Westpac, a major Australian bank, has re-designed its point-of-sale (POS) terminals to help blind and visually impaired people use them more easily. 110,000 machines are being changed for Android-based devices with new functionality.

News

John Winchcombe

21 Dec. 2021

3 min read

The Need for a New Cash Calculation

David Fagleman, of the consultancy Enryo, has recently presented and written about cash in circulation (CIC). He makes the case that CIC data provided by central banks is unhelpful because it overstates the case for cash usage and creates confusion about what is actually happening.

Cash in Circulation

John Winchcombe

21 Dec. 2021

3 min read

UK Moves to Sustain Cash

The UK is facing significant pressure on its cash infrastructure, sufficient to put access to cash on the political agenda. 2021 draws to a close with a major announcement that some of the largest UK banks will create a network of shared banking hubs to maintain cash facilities for communities where cash services have ended.

Bank Branch Country Profile

John Winchcombe

21 Dec. 2021

2 min read

Cryptocurrency Induced Systemic Risk

The Turkish lira is sharply down in value this year, over 40%. On 24 November bitcoin hit a new all-time high after the lira dropped 15% on the news of President Erdogan defending the reduction in interest rates in Turkey at a time of 20% inflation.

Digital CN

John Winchcombe

21 Dec. 2021

4 min read

Cost Benefit Analysis of Restricting Cash Usage

A paper by the Einaudi Institute for Economics and Finance (EIEF), ‘Cash: A Blessing or a Curse?’, examines what happened in Mexico when changes to cash availability were made.

Cash Usage Staff Papers

John Winchcombe

21 Dec. 2021

3 min read

RBA Governor Lays Out the Future of Payments in Australia

Philip Lowe, Governor of the Reserve Bank of Australia (RBA), spoke recently at a conference about the future of payments in Australia. He said that the direction of change was ‘pretty clear’.

Country Profile Future of Cash

John Winchcombe

21 Dec. 2021

4 min read

Payment News

Amazon has announced that from 19 January 2022 in the UK it will stop accepting Visa credit card payments due to their high cost. This follows the post-Brexit removal of the interchange cap imposed by the European Commission. Amazon has also introduced surcharges on Visa credit cards in Singapore and Australia.

News

Latest News

Lessons Learnt Managing a Declining ATM Estate

Payment News

News in Brief

A Prediction for the Future of Money

BIS Working Paper 989: 'CBDCs in Latin America and the Caribbean'

Can CBDCs Increase Financial Inclusion?

Bank of Canada Staff Working Paper 2021-63: 'Central Bank Digital Currency and Banking: Macroeconomic Benefits of a Cash-Like Design'

Bank of Canada Staff Discussion Paper 2021-17: 'Revisiting the Monetary Sovereignty Rationale for CBDCs'

Bank of Canada Staff Working Paper 2021-65: 'Predicting the Demand for Central Bank Digital Currency: A Structural Analysis with Survey Data'

Bank of Canada Staff Working Paper 2021-67: 'Best Before? Expiring Central Bank Digital Currency and Loss Recovery'

Six Payment Megatrends Identified in South Africa

2021: A Year in Review

Post Offices and the Unbanked in the US

News in Brief

The Need for a New Cash Calculation

UK Moves to Sustain Cash

Cryptocurrency Induced Systemic Risk

Cost Benefit Analysis of Restricting Cash Usage

RBA Governor Lays Out the Future of Payments in Australia

Payment News

Sign Up to Cash & Payment News Weekly

You're signed up!