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John Winchcombe

27 April 2021

3 min read

Once Hailed as Unhackable, Blockchains are Now Being Hacked

As the use of Distributed Ledger Technology (DLT) based on blockchain grows, it is worth returning to an old story reported in an MIT Technology Review in February 2019.

Crime

John Winchcombe

27 April 2021

3 min read

Cash Usage in Southern Europe: A Time of Change?

Outman Consulting has published a review of cash usage in Southern Europe, focusing on Italy and Spain. It surveyed 2,000 consumers in Italy and Spain in January 2021 to understand the impact on payments of the pandemic. It found that, for purchases under €10, the preference for using cash had declined from 78% to about 48%. Why and will the change stick?

Cash Usage COVID

John Winchcombe

27 April 2021

3 min read

Cash in the Pandemic: European Round Up

The ECB has published a comprehensive report of what has happened to cash in the euro area during the pandemic.

Cash Usage COVID

John Winchcombe

27 April 2021

3 min read

Cash in the UK 2020 – Survey Results

Enryo, a financial services consultancy, conducted four public surveys of over 2,000 people in the UK from April 2020 to January 2021 and an additional survey in March 2021. It has just issued its report and presented a webinar of its results.

Cash Usage Country Profile

John Winchcombe

11 April 2021

3 min read

Wales Launches Complementary Currency to Boost COVID-Affected Economy

Wales, with a population 3.15 million, along with England 56.3 million, Scotland 5.46 million and Northern Ireland 1.89 million make up UK’s total population of 66.8 million. Although all countries in the Union are governed by the UK government based in Westminster in London, Wales along with Scotland and Northern Ireland each has a devolved Parliament with limited powers.

Country Profile COVID

John Winchcombe

11 April 2021

5 min read

Improving the Efficiency of the Handling of Cash

At the online Future of Cash conference last month, Diederik Bruggink from the European Payment Council (EPC) presented its thoughts on how to make cash more efficient.

Events Free Future of Cash Free

John Winchcombe

11 April 2021

5 min read

Payment News

Google Pay is changing. The existing Google Pay will shut down in the US on 5 April and a new app has to be downloaded if you want to continue paying with Google on your phone.

Digital Payments News

John Winchcombe

11 April 2021

3 min read

What Happens When COVID Restrictions Lift? Canada’s Story

The Bank of Canada conducted studies into cash usage in April and July 2020*. This March it updated its staff discussion paper 2021-23 reflecting on these surveys and what they tell us about cash as pandemic containment measures lift.

Country Profile COVID

John Winchcombe

11 April 2021

4 min read

The Flight to Cash in a Crisis

Gerhard Rösel and Franz Seitz have published a paper, ‘Cash and Crises: No Surprises by the Virus’, as a working paper for the Institute for Monetary and Financial Stability. This paper looks at cash usage across a number of key economies since the 1990s. It notes the trend towards cash being hoarded as a store of value, reflected an increasing proportion of cash in circulation being high value notes, but looks, in particular, at what happens to cash when there is crisis.

Cash Usage COVID Staff Papers

John Winchcombe

11 April 2021

5 min read

New CBDC Project Announcements

The number of central banks announcing work on Central Bank Digital Currencies (CBDCs) continues to rise. This month there have been reports about CBDC activity by the central banks of the ECCB, Jamaica, Korea and Russia.

CBDC

John Winchcombe

11 April 2021

2 min read

Payments Leadership Council

Visa, Mastercard, American Express and Discover Financial, as well as industry counterparts FIS, Fiserv and Global Payments, have formed the Payments Leadership Council to represent their position to the government and in the media on a range of issues. Card payments are in the spotlight currently.

Cards

John Winchcombe

11 April 2021

4 min read

Retailers as Bankers

While the activity of retailers may, at first glance, appear of secondary importance to the world of payments, in today’s changing economic landscape it could have big implications, particularly when retailers of the scale of Walmart are involved and with card and payment fees rising.

Retail

John Winchcombe

11 April 2021

2 min read

How did Americans Spend During the Pandemic?

In 2020 US consumers each spent $17,095 according to the US census bureau, $2,398 of which was online. CouponFollow surveyed 1,500 Americans in January 2021 about the state of cashless and touchless payment methods during the pandemic.

Country Profile COVID

John Winchcombe

11 April 2021

5 min read

News in Brief

Bangko Sentral ng Pilipinas (BSP) has reorganised to combine its cash department and its payment department.

Central Banks News Retail

John Winchcombe

11 April 2021

4 min read

Cash Increases Risk for Central Banks

A recent paper, ‘COVID Cash*’, by Kenneth Rogoff and Jessica Scazzero considers the implications for advanced economies in the long-term trend of value being stored in cash, a trend accelerated by, and highly visible due to, the pandemic. They make two arguments.

Cash Usage Central Banks

John Winchcombe

11 April 2021

6 min read

Diebold Nixdorf Positions Itself for the Future

In 2016 Diebold and Wincor Nixdorf joined forces to form Diebold Nixdorf, creating a company with global reach in the self-service market. Diebold Nixdorf serves retailers and retail banks providing ATM and point of sale (POS) technology and software to run and integrate the technology and behind the scenes payment platforms. It also offers management services for all these products.

ATMs Cash Management POS

Alper Sayin

11 April 2021

3 min read

Top Payment Trends in Turkey in 2021

Alper Sayin, Director Cash Planning and Operations at Garanti BBVA, has summarised the key cash and payment trends facing Turkey in 2021. Cash is increasing but cost control remains high on the agenda, with new cash processing tools being used and an ATM pooling initiative being closely monitored.

Country Profile

John Winchcombe

11 April 2021

3 min read

Latest ATM Report Shows High Levels of Innovation

RBR’s most recent study, ‘ATM Software 2021’, looks at the latest ATM developments across the world.

ATMs

John Winchcombe

11 April 2021

2 min read

CBDC Conference 2021

With the Eastern Caribbean Central Bank announcing the world’s first CBDC based on blockchain technology, the CBDC activity level around the world continues to grow.

CBDC Events

John Winchcombe

5 March 2021

5 min read

New Initiative to Ensure Universal Access to Payments

Payments in their many guises are essential to the way we all live our lives, to buy bread and milk, to heat or homes and to do many other things. Around the world the majority of people take payments for granted and are able to choose the payment option that suits their needs for the particular transaction. However, many people don’t have this choice and have to rely on a single payment method, and this is very often cash.

CBDC Digital Payments Future of Cash

Latest News

Once Hailed as Unhackable, Blockchains are Now Being Hacked

Cash Usage in Southern Europe: A Time of Change?

Cash in the Pandemic: European Round Up

Cash in the UK 2020 – Survey Results

Wales Launches Complementary Currency to Boost COVID-Affected Economy

Improving the Efficiency of the Handling of Cash

Payment News

What Happens When COVID Restrictions Lift? Canada’s Story

The Flight to Cash in a Crisis

New CBDC Project Announcements

Payments Leadership Council

Retailers as Bankers

How did Americans Spend During the Pandemic?

News in Brief

Cash Increases Risk for Central Banks

Diebold Nixdorf Positions Itself for the Future

Top Payment Trends in Turkey in 2021

Latest ATM Report Shows High Levels of Innovation

CBDC Conference 2021

New Initiative to Ensure Universal Access to Payments

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