This white paper from NCR Financial will offer a detailed look at the issue of financial inclusion, what efforts are being made to tackle it, and specifically, the role that the ATM could play in extending financial services to the unbanked.
As the ATM industry gathers in Houston for the ATMIA U.S. Conference 2020, industry experts say there are a number of issues that are impacting the industry, including bank transformation, consolidation, cash access and new technologies.
Visa is launching a program to expand access to cash for rural and low income communities in the U.K. amid reduced access to branch banking and ATM coverage. The program gives incentives to retailers to provide cash back to customers.
As digital payments grow in popularity in the U.K., the systems that support cash are starting to erode. Natalie Ceeney, chair of Access to Cash Review, warns that the country is headed into "unchartered territory."
Criminal gangs have been stealing gas in Mexico for decades, but in recent years, the situation has spun out of control. Putting a stop to corruption requires tracking money flows, which is hard to do in a country where cash is king.
Chile's BancoEstado, a government-owned bank, relies on a correspondent banking system to offer its services across the country. Operating as simplified bank branches in urban and rural settings, the bank's CajaVecina network provides low-income Chilleans access to cash when they need it.
Each year, the independent Health of Cash study sponsored by Cardtronics reveals that, in spite of advances in digital and mobile payment technology, cash maintains its place as a pillar of payments and a top choice for consumers.
“There needs to be a move beyond cash in order for the vast majority of the people in the world to become full working participants in, and beneficiaries of, the economic system,” said Leland Englebardt, group head, global network products…
An ex-employee sued McDonald's claiming that its policy of paying unbanked employees' wages via prepaid meant that her income was eaten up by card fees. A panel of payments experts tackles this difficult issue at the ATM & Mobile Executive Summit in Washington, D.C.