News | Cash & Payment News

John Winchcombe

21 June 2021

2 min read

Proof-of-Work v Proof-of-Stake

Cryptocurrencies are almost all built on two different approaches – proof-of-work or proof-of-state.

CBDC Country Profile Digital Payments

John Winchcombe

21 June 2021

3 min read

Why Do Central Banks Need CBDCs?

Ralph Wintergerst, CEO of the G+D Group, has recently written an article published in the International Banker magazine. The article’s title is ‘Britain needs a digital central bank currency’, but in fact the article is an explanation of why any central bank needs a Central Bank Digital Currency (CBDC).

CBDC Editorial

John Winchcombe

21 June 2021

2 min read

Threat to Payments from Chip Shortage

A shortage of EMV chips is creating real risks for payments since these chips enable ATM cash withdrawals and all forms of digital payments.

ATMs Cards Digital Payments

John Winchcombe

21 June 2021

7 min read

SNB Favours a Token-Based CBDC Design

The Swiss National Bank (SNB) issued its working paper 3/2021 ‘How to issue a central bank digital currency’. Written by David Chaum, Christian Grothoff and Thomas Moser, the paper presents the SNB’s thinking about a token-based retail CBDC, a rather different approach from most other central banks.

CBDC Country Profile

John Winchcombe

21 June 2021

2 min read

Challenges of Electronic Payments

In the last week there have been a number of payment related stories. What links them all is that they demonstrate that electronic payments face a range of challenges that have a direct impact on customers. The role of the regulator is evident in all of them whether requiring action or ‘guiding’ providers to take action.

Cards Commercial Banks Crime

John Winchcombe

21 June 2021

3 min read

The Cash Cycle Seminar (ICCOS) Resumes In-Person Events in 2021

Over the past year Currency Research has successfully pivoted to deliver online virtual events across its portfolio, with approximately 50 live and on-demand sessions reaching over 3,000 industry participants across the cash and payments industries.

Events

John Winchcombe

21 June 2021

4 min read

How to ‘Green’ the Cash Cycle

Jens Eberhardt, Managing Director of Cashinfrapro, has written a useful paper – ‘Green Cash Logistics’ – which considers how modern ways of working can reduce the environmental impact of the cash cycle.

Cash Management Free Free

John Winchcombe

21 June 2021

2 min read

Cash and COP26

This November, COP26, the UN climate change conference, will take place in Glasgow. Cash & Payment News™ and its sister paper Currency News™ have started work on a paper, ‘Cash: a Roadmap to Sustainability’, ahead of the conference.

Events Future of Cash Staff Papers

John Winchcombe

21 June 2021

5 min read

Round-Up of CBDC News

Central banks making statements about investigating or working on Central Bank Digital Currencies (CBDCs) this month include Bank Indonesia, the Bank of Korea (pilot June 2021-January 2022), Bank of Mauritius, the South Africa Reserve Bank (retail CBDC), and the Bank of Thailand.

CBDC

John Winchcombe

21 June 2021

3 min read

BoE and the BIS Launch the London Innovation Hub

On 11 June the Bank for International Settlements (BIS) opened its latest Innovation Hub Centre in London following on from hubs in Hong Kong, Singapore and Switzerland that have already been established. Canada, Frankfurt and Paris, Stockholm, supported by all of the Scandinavian central banks, and New York are planned to open in due course.

Cards CBDC Central Banks

John Winchcombe

21 June 2021

6 min read

What Drives Consumer Payment Behaviour?

In 2019 National Westminster Bank (NatWest) commissioned independent academic research to look into the drivers of consumer payment behaviour, including consumer attitudes and intentions towards cash. The research was carried out by Professor Darren Duxbury, Dr Thanos Verousis and by David Marsh. This is a short summary of their work with the full research being published in due course.

Cash Usage Data Analytics Digital Payments

John Winchcombe

10 June 2021

3 min read

MAS Sustainability Report

The Monetary Authority of Singapore (MAS) has issued its first Sustainability Report for 2020/21. The report has a section dedicated to reducing emissions related to currency operations. MAS has identified four areas of focus to reduce its currency related emissions.

Central Banks Country Profile

John Winchcombe

1 June 2021

5 min read

News in Brief

In 2020 the number of ATMs fell slightly according to RBR who are about to publish their ‘Global ATM Market and Forecasts to 2026’ report. In fact, 2020 was a mixed year where the long-term growth in ATM installations slowed rather than stopped.

ATMs Cash Usage News

John Winchcombe

1 June 2021

3 min read

Payment News

In 2015 Russia set up a national payments card network called Mir. It was set up with government backing after MasterCard and Visa cut off services to a number of the country’s banks following the annexation of the Crimea.

Bank Branch Cards News

John Winchcombe

18 May 2021

3 min read

Less Technology Debate, Less Cost Focus, Better Cash Handling

Levent Kocbiyik presented at the Cash Cycle Seminar (ICCOS) last year on behalf of the Turkish cash management company Bantas about achieving the right mix of technology in cash handling. He argues that ‘craft’ continues to play a core role as well.

Cash Management Free Free

John Winchcombe

18 May 2021

2 min read

Snapshot of Asia in 2021

YouGov have issued their 2021 Global Banking and Finance Report, having surveyed 1,000 people in 17 countries representing a nationally representative sample with three exceptions. These were China, where sampling was ‘online representative’, India ‘nationally urban representative’ and Mexico, which was nationally representative but with an urban bias. Six Asian countries were involved – Australia, China, Hong Kong, India, Indonesia and Singapore.

Surveys

John Winchcombe

18 May 2021

2 min read

Germany Faces Higher Card Fees

Card fees are complicated. CMSPI have issued a useful paper looking at Germany’s payment market and what has happened since 2015. The Merchant Service Charge (MSC), what merchants pay to receive a payment from their customer, consists of three elements, as below.

Cards

John Winchcombe

18 May 2021

5 min read

Access to Cash Pilots Pick Up Speed in the UK

The UK’s Post Office is not a bank and does not aspire to be one. However, it does provide essential cash services on behalf of all banks to all communities left behind when banks close. The banks still have a duty to be available for more complex products – typically now served through call centres, or video calls.

Bank Branch Retail

John Winchcombe

18 May 2021

6 min read

A Focus on Coins in the Cash Cycle

Without coins you cannot receive change when you pay with a banknote. Although banknotes receive most attention in the cash cycle, April’s MDC webinar reminded people why that is a mistake.

Coins

John Winchcombe

18 May 2021

2 min read

Future of Cash – Continuing the Conversation

Following the success of the Future of Cash online event in February 2021, the organisers – AGIS Consulting and CashEssentials – are continuing the conversation and providing a coherent story of today’s cash challenges and tomorrow’s opportunities. The next virtual event – taking place 6-7 July – will focus specifically on the Asia-Pacific region. The physical event is still on track to go ahead on the 9-10 November, in Madrid, Spain.

Events Future of Cash

Latest News

Proof-of-Work v Proof-of-Stake

Why Do Central Banks Need CBDCs?

Threat to Payments from Chip Shortage

SNB Favours a Token-Based CBDC Design

Challenges of Electronic Payments

The Cash Cycle Seminar (ICCOS) Resumes In-Person Events in 2021

How to ‘Green’ the Cash Cycle

Cash and COP26

Round-Up of CBDC News

BoE and the BIS Launch the London Innovation Hub

What Drives Consumer Payment Behaviour?

MAS Sustainability Report

News in Brief

Payment News

Less Technology Debate, Less Cost Focus, Better Cash Handling

Snapshot of Asia in 2021

Germany Faces Higher Card Fees

Access to Cash Pilots Pick Up Speed in the UK

A Focus on Coins in the Cash Cycle

Future of Cash – Continuing the Conversation

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