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Filtered by News — 134 articles

John Winchcombe

30 July 2023

5 min read

Payment News

Australia’s Commonwealth Bank is to scrap over-the-counter cash withdrawals at new cashless bank branches. Cash will still be available at ATMs.

News

John Winchcombe

30 July 2023

5 min read

News in Brief

Planning for the third euro series is underway. The Theme Advisory Group has issued a shortlist of six themes following an internal voting procedure.

News

John Winchcombe

25 June 2023

5 min read

Visa carried out a Consumer Payment Attitudes study in Singapore in October 2022. It found that nearly 90% of Singaporean consumers regard cashless payments and mobile banking to be the most eco-friendly option.

News

John Winchcombe

25 June 2023

5 min read

News in Brief

The Dutch Finance Minister has proposed legislation to ensure the provision of cash facilities, at least to a basic level. The legislation builds on the results of a PwC study on the future structure of the system for banknote and coin deposits and withdrawals for consumers and retailers.

News

John Winchcombe

11 June 2023

5 min read

Payment News

The latest Federal Reserve Payments Study shows an annual 6.2% increase in the number of card payments between 2018 and 2021. Behind that figure there are fluctuations, a fall in 2020 being offset by a rise in 2021, for example.

News

John Winchcombe

11 May 2023

5 min read

News in Brief

The Bank of Korea is planning to introduce a QR code-based ATM deposit and withdrawal service this year. When this service is in place, users will be able to make deposits and cash withdrawals and this function will be possible irrespective of whether the ATM belongs to the customer's bank or not.

News

John Winchcombe

11 May 2023

2 min read

EPI Refreshed and With New Impetus

The European Payments Initiative (EPI) was established to build a unified pan-European payment system to rival Mastercard and Visa. Consumers and merchants would be able to use a card, digital wallet and make person-to-person payments. The idea was backed by the European Central Bank (ECB) and 31 banks joined the EPI.

Cards Digital Payments News

John Winchcombe

20 April 2023

5 min read

News in Brief

Latvijas Bank reported that in February 2023 non-cash payments made up 67% of transactions with cash responsible for the rest. The average number of payments per person per week was at a historical high of 14.3, up from 12.8 a year earlier.

News

John Winchcombe

26 March 2023

5 min read

Payments News

Something strange is happening in the US. According to PYMNTS research, fewer US restaurants are accepting digital wallets as a form of payment. Between September 2021 and April 2022, the number fell from 81% to 73%. At the same time consumer confidence in wallets has been rising.

News

John Winchcombe

23 Feb. 2023

5 min read

Payment News

The Dutch National Bank has carried out research into how people are coping with adapting to digital payments. Nearly 20% of those over 18 years old, 2.6 million, struggle with digital payments.

News

John Winchcombe

23 Feb. 2023

5 min read

News in Brief

Innovation in the UK’s banking sector continues, with Barclays Bank announcing the introduction of semi-permanent banking pods. 10 will be established by summer 2023 following a successful trial.

News

John Winchcombe

31 Jan. 2023

5 min read

Payment News

At the beginning of September, the Central Bank of Nigeria (CBN) revised cash withdrawal limits as part of its campaign to increase the use of electronic payments. Feedback on the limits has led it to update its original Circular.

News

John Winchcombe

31 Jan. 2023

5 min read

News in Brief

The Fraunhofer Institute has been working on a project known as BASIC since January 2020, which aims to strengthen the resilience of the cash supply infrastructure in the event of an emergency or crisis.

News

John Winchcombe

21 Dec. 2022

5 min read

News in Brief

The EU is introducing a new maximum limit of €10,000 on cash payments as part of a programme to stop money laundering. Individual countries are free to set their own lower limit.

News

John Winchcombe

21 Dec. 2022

5 min read

Payment News

The settlement of a class action lawsuit against Visa and Mastercard in Canada has allowed retailers to pass on credit card fees to their customers.

News

John Winchcombe

6 Dec. 2022

5 min read

Payment News

Just as open banking is allowing OneBanx to offer shared bank branches, a UK start-up is using it to offer merchants and alternative to Visa and Mastercard’s debit card payments. Atoa Payments has raised $2.2 million in a pre-seed funding round.

News

John Winchcombe

6 Dec. 2022

5 min read

News in Brief

Deutsche Bank research analyst Marion Laboure has written a paper, ‘Future Payments: Towards the End of Cash?’ following on from her 2020 piece on the same subject.

News

John Winchcombe

4 Nov. 2022

5 min read

Payment News

Just as the Federal Reserve is introducing new guidelines on card routing to increase competition, a campaign has started in the UK to get card fees reduced.

News

John Winchcombe

4 Nov. 2022

5 min read

News in Brief

The European Central Bank (ECB) has carried out a survey of cash use by businesses in the euro area. The survey was based on over 10,000 interviews and the analysis concentrated on businesses with the most interaction with consumers.

News

John Winchcombe

2 Oct. 2022

4 min read

News in Brief

The US Department of the Treasury has issued a report, ‘The Future of Money and Payments’. The report was requested by the President in the context of fast-moving changes to the US system of money and payments.

News

Latest News

Payment News

News in Brief

Payments News

News in Brief

Payment News

News in Brief

EPI Refreshed and With New Impetus

News in Brief

Payments News

Payment News

News in Brief

Payment News

News in Brief

News in Brief

Payment News

Payment News

News in Brief

Payment News

News in Brief

News in Brief

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