Media Kit

Fb Share

There has been a lot of excitement around alternative payment methods such as mobile wallets. But the impending demise of cash may be a little exaggerated. Cash is very resilient and not going away anytime soon.

However, an interesting study by the Fletcher School at Tufts University concludes that there are hidden costs associated with continued use of cash. Households, businesses and government all pay a price for the love-fest with folding money.

For businesses, the biggest cost of cash can be linked to theft, followed — at a considerable distance — by ATM operations and cash transit.

The Tufts report estimates that continued use of cash traps $200 billion in value within the economy.

The study estimates that cash payment volume will decline at a rate of just 2 percent per year in the United States and the issue of cash displacement necessitates concerted effort from all stakeholders.

Is the industry listening?

The entire study, "The Cost of Cash in the United States," is available online. The report is part one of a series on the cost of cash around the world, including Egypt, India, and Mexico.

Following is an infograph released with the report:

Tufts Fletcher School Cost of Cash Infographic

Read more about trends and statistics.

Related Content

User Comments – Give us your opinion!
Products & Services

Lobby ATMs


Armored Courier Management


ATM Parts


FINsim Regression


KAL Bill Pay Solutions


Smart Safe


Multichannel Banking Platform - WinWebServer ( WWS)


Drive-Up ATM - Monimax 7000D


Batch File Generation from Online Test Data- FILEgen™


B3 Kiosk


On the Frontlines

Latest posts by Harish Bhat
Harish Bhat
Harish is president and COO at ESQ, a leading provider of business transaction management solutions. His extensive background in IT includes work with NCR and Tandem and skills in business development, product and strategic alliance management and more.
EMV, PCI and the ATM Industry
ATM & Mobile Innovation Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.