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Filtered by News — 134 articles

John Winchcombe

26 Nov. 2021

5 min read

Payment News

The Central Bank of Sri Lanka introduced a national QR code standard for local currency payments in July 2019. Known as LankaQR, 24 payment apps from 21 financial institutions have now been certified for use with the system. The central bank has begun a nationwide rollout of the LankaQR payment system.

News

John Winchcombe

26 Nov. 2021

5 min read

News in Brief

The Dutch National Bank (DNB) spoke at the recent European Cash Cycle seminar (ICCOS) about the McKinsey study commissioned to consider the cash infrastructure the Netherlands will need for the next 10 years. With cash transactions now representing 20% of all transactions, down from 32% pre-pandemic, the Netherlands is preparing for a less cash society.

News

John Winchcombe

4 Nov. 2021

4 min read

Payment News

There are concerns that with the UK’s contactless limit rising to £100, crime is more likely. In addition, the lack of ‘friction’ at the point-of-sale could increase the risk to retailers of unintended losses from consumers who present a card without it registering and then leaving the shop.

News

John Winchcombe

4 Nov. 2021

4 min read

News in Brief

On 20 October the UK House of Commons had a debate about access to cash for nearly 90 minutes. 25 MPs spoke across every part of England, Scotland and Wales, including the Economic Secretary to the Treasury.

News

John Winchcombe

26 Sept. 2021

2 min read

Digital Currency News - News about CBDCs

The subject of Central Bank Digital Currencies (CBDCs) has moved from ‘vague awareness’ in around 2016 to ‘big news’ today. To help people keep up, the publishers of Cash & Payment News™ (CPN) have decided to start publishing a weekly newsletter dedicated to CBDCs.

Digital CN News

John Winchcombe

26 Sept. 2021

4 min read

Payment News

GSMA has published the number of mobile money accounts in 2020 in different regions, and how many of them are active. The paradox is why are only 25% of registered accounts overall actually active?

News

John Winchcombe

26 Sept. 2021

5 min read

News in Brief

In July Germany experienced severe flooding in some regions, as high as seven metres in the town of Bad Neuenahr-Ahrweiler for example. It also resulted in significant quantities of banknotes stored in homes and businesses being damaged by flood water contaminated with mud, sewage and oil.

News

John Winchcombe

30 Aug. 2021

2 min read

A Call for Digital Standards

The Institute of Electrical and Electronics Engineers (IEEE) has called for a ‘digital Bretton Woods’ to set standards for digital currency and trade systems. Its call comes in the context of today’s digital platforms that handle more than just finance, but trade, tax and audits, and it does this across borders.

CBDC Digital Payments News

John Winchcombe

24 Aug. 2021

4 min read

Payment News

aRussia’s second largest bank, VTB, has been working on tools to identify the optimum location for bank branches and ATMs. It has used a wide range of parameters, over 5,000, to calculate how to reach the most customers and generate the most sales from a new location.

ATMs Cards News

John Winchcombe

24 Aug. 2021

4 min read

Round-Up of CBDC News

The Bank of Korea is investigating adjustments needed in the payment system if CBDCs are launched. The Kakao consortium and two tech affiliates of the Samsung Group are to run a pilot programme for issuing and distributing CBDCs and looking at transferring money and remittances between countries.

CBDC News

John Winchcombe

24 Aug. 2021

4 min read

News in Brief

The Federal Reserve Bank of Kansas City has gone public encouraging people to use coins and to return them into the cash cycle. After the coin hiatus last year, which saw the formation of the Coin Taskforce and limits on the issue of coins to retailers and institutions, the situation had eased with the limits lifted and normal service resuming.

ATMs Bank Branch Coins

John Winchcombe

25 July 2021

5 min read

Payment News

China has decided to stop cryptocurrency mining in the interests of financial stability. Mining is the process that validates cryptocurrency transactions by solving cryptographic puzzles in return for receiving newly minted coins.

Digital Payments News

John Winchcombe

25 July 2021

5 min read

News in Brief

A number of states and cities in the US have implemented or are considering legislation to make cash acceptance at retailers mandatory.

ATMs CBDC News

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

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

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

4 min read

News in Brief

Deutsche Bank has announced that it will close 150 bank and Postbank branches this year and a further 50 Postbank branches next year. The CEO said that customers are coming to branches less often, preferring to use digital products such as remote advisory video sessions. In January Commerzbank announced it would close 340 branches in Germany.

ATMs Bank Branch Cash Management

John Winchcombe

18 May 2021

2 min read

Changes to CPN, and New Online Platform

After several months of a COVID-enforced digital only publication of Cash & Payment News™, we are happy to announce the resumption of the hard-copy distribution of the newsletter from June. Thank you for your patience during the disruption and we ask for a little more forbearance as delivery services attempt to return to something like their pre-COVID levels.

News

John Winchcombe

18 May 2021

5 min read

Payment News

A recent article in Kenya’s Star newspaper looked at why the informal transport system of ‘matatus’ (privately owned cars or minibuses acting as shared taxis) does not make use of M-Pesa wholeheartedly. It suggests two reasons.

Cards Digital Payments News

Latest News

Payment News

News in Brief

Payment News

News in Brief

Digital Currency News - News about CBDCs

Payment News

News in Brief

A Call for Digital Standards

Payment News

Round-Up of CBDC News

News in Brief

Payment News

News in Brief

Challenges of Electronic Payments

BoE and the BIS Launch the London Innovation Hub

News in Brief

Payment News

News in Brief

Changes to CPN, and New Online Platform

Payment News

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