Is Europe ready to eliminate cash?
by Kylene Casanova
The European Parliament is supporting No Cash Day on 5 April but, despite impressive uptake of contactless and other e-payment methods in northern Europe, cash's allure is enduring.
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…
Read morePayment systems innovation is being driven by improvements in mobile payments
by Kylene Casanova
Although, cash is alive and growing in some countries, in developed countries the decline is slow and continuous with some countries possibly seeing the end of cash
Citi’s Digital Money Report shows the slow adoption world-wide
by Kylene Casanova
Citi and Imperial College London’s third Digital Money Report highlights the slow progress in digital money adoption and the drivers for change. See where you rank in Citi’s 2016 Digital Money Index
By 2019, 55% of consumer e-commerce payments will use alternative payment methods
by Kylene Casanova
Are you ready for eWallets - ApplePay, Google, etc. - becoming the most popular e-commerce payment method, overtaking credit cards, and 23% of all e-commerce being exclusively from mobile?
UK consumer payments in 2024 dominated by debit cards & demise of credit cards
by Kylene Casanova
Cash set to decline to 33% of all transactions, debit cards take 42%, credit cards 8% as card payment volumes increase by 66% and online/phone (Faster Payments) volumes more than double
UK: Cash retains its crown while contactless card usage is booming and limit increased
by Kylene Casanova
Cash is not being replaced by contactless payments, rather traditional debit and credit card transactions are moving to contactless
‘The Future of Payments’ - How payments in the UK will evolve in the coming years
by Kylene Casanova
Consult Hyperion report highlights importance of mobile payments and contactless, how Bitcoin will NOT have a significant role in the UK, AND how extra information/payment is vital
Reliance on bank notes growing(again) due to savers’ financial instability fears
by Kylene Casanova
Overall cash usage continues to decline as consumers usage of mobile and other methods grow, but decline is slowing. Will cash make a comeback?
Has Bitcoin, the universal Crypto currency, finally gone main stream?
by Kylene Casanova
NO, not really, but here are some interesting stats
Cash will not be eliminated any time soon, as it is cheapest
by Kylene Casanova
Less: YES, disappearance: NO, particularly since many retailers feel that cash is cheapest form of payment
BofA Merrill’s two new cash and paper handling solutions
by Kylene Casanova
Bank of America Merrill Lynch now provide a continuum of solutions to address the various challenges companies face when managing large volumes of cash and check receivables
FUTURE OF PAYMENT SYSTEMS: New POS registers will cover Bitcoin, etc.
by Kylene Casanova
Square is making a register that will takes Bitcoin and Apple Pay, so retailers will never miss a sale
Macy’s show delivery of omni-channel buying experience with integrated payments
by Kylene Casanova
BNY Mellon’s ‘Global Payments 2020’ report misses the point: Payments are not just about transformation and convergence they are about the whole sales and purchasing experience
Cash is most expensive Aite survey reports, but this is NOT true BRC annual survey shows
by Kylene Casanova
UK’s British Retail Consortium estimate that cash is by far cheapest costing just 43% of debit card, and 14% of credit cards
US Bank cash-processing enhancements support reconciliation, remote-area deposits
by Kylene Casanova
New efficiencies in collecting the inevitable cash transactions
New UK Payment Council research shows that cash dominates in UK
by Kylene Casanova
Cash is still used for the majority of transactions in UK (52%)
Cash use in UK down by 14% over last 5 years, card charges increasing burden
by Kylene Casanova
BRC warn about increasing use of new technologies & cards in payments at POS is increasing overall costs as cash payment continues to decline, now at 1.3p/transaction v. 41p for credit cards
Contactless payments accelerating at Visa Europe, 4 fold increase in the UK 2013
by Kylene Casanova
Visa expect that 50% of their transactions will made be made through a mobile device by 2020
Bank of America Merrill Lynch cash recycling solution in the USA & adds lockbox site in Canada
by Kylene Casanova
Improves Working Capital by freeing up trapped cash, lowering costs and increasing efficiency
French card fees cut agreed for MasterCard and Visa
by Kylene Casanova
Card fees to be cut by almost half
Opening up emerging and under-developed markets
by Kylene Casanova
Use mobile point of sale terminals and mobile software
UK Payments Council report shows cash usage on the up with 54% of all payments in the UK made by cas
by Kylene Casanova
The new UK Cash & Cash Machines 2013 report from the UK Payments Council shows that cash use increased in the UK last year, with consumers and businesses making 20.8 billion cash payments in 2012, compared with 20.6
UK: cash use down 10% as new ways to pay change old order, and banks still charges are still way too
by Kylene Casanova
Fundamental changes in the UK retail industry as customers embrace new technology and new ways to shop are producing major changes in the relative importance of different payment methods.
Are contactless payment cards about to go mainstream in UK as M&S customers embrace contactless
by Kylene Casanova
Around one in seven card payments of under £20 are now contactless at UK retail giant Marks & Spencer (M&S), which is processing more than 230,000 tap and pay transactions every week.