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Cash Payments at POS

Background

Cash, bank notes and coins, are the oldest payment system and coins were first used some 2,500 years ago. Cash is used for the majority of payments in almost all countries. In Europe in 2008 78% of…

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Payments - Receipts at POS

Canada Pulls the Plug on the Penny

by CTMfile

The Canadian Mint has now ceased distributing pennies to financial institutions and the circulation of the currency will begin to decline. The transition data was announced in July 2012 after consultations with smal

Payments - Receipts at POS

Bank of England eyes durable plastic to replace notes

by CTMfile

The Bank has confirmed, Sky News claim, that a proviso is included in a new bank note printing contract to replace paper with polymer-based cash. They may be following Australia, who introduced flexible plastic bank