Vault Cash / Cash Management News & MediaPresented ByCash Connect
New requirements for net worth, security have India's FIs, CITs, ATM operators running scared
July 23, 2018
The Reserve Bank of India has given bankers a new set of rules for the engagement of cash management service providers. And in doing so, RBI has also given…
read nowVisa report calculates worldwide cost of off-the-books cash-based economy
July 20, 2018
More than 23 percent of the world's economy operates outside the purview of governments, with the result that more than $10.7 trillion of economic activity…
read nowHyosung, CFM solution integrates cash-recycling ATMs, TCRs with core banking platform
July 20, 2018
Hyosung America has announced a new partnership with CFM, a core-integrated cash recycling platform designed to streamline cash recycling operations between…
read nowContinued ability to pay with cash a 'broad concern' for US consumers
July 16, 2018
Payment choice and, specifically, the ability to use cash in-store are of broad concern for customers in the U.S., according to a new report from Mercator…
read nowTarget undertakes cash recycler rollout
July 11, 2018
Next month, Target Corp. will begin the process of automating cash handling at its stores.
read nowDistrict of Columbia councillors submit bill banning cash bans
July 11, 2018
Lawmakers in the nation's capital are weighing in on the growing trend among some merchants — mainly restaurants — of refusing cash payments.
read nowKenyan FIs hone their competitive edge with cash-recycling ATMs
July 6, 2018
Nairobi, Kenya-based Prime Bank will install cash recycling ATMs at Naivas Supermarket locations in the capital city, a move expected to reduce the cost and…
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Why consumers didn't buy Shake Shack's cashless plan
by Will Hernandez — Editor, NetWorld Media Group
Shake Shack founder Danny Meyer recently penned a blog post giving three reasons why his restaurants were going cashless. Consumers pushed back, giving one…
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Are your ATM fees driving away cardholders?
by Rebecca Hellmann — Director of Marketing, FCTI
Cash may be on its way out, but the trip looks to be slow, tedious and accomplished by fits and starts. In the meantime, more than three-quarters of consumers…
read nowShake Shack shutters cashless store experiment
June 22, 2018
Shake Shack has decided not to go cashless after testing the idea in a store that had order-and-pay kiosks and no cashiers. However, the fast casual chain…
read nowCash transactions give way to contactless in UK
June 19, 2018
For the first time, consumers in the United Kingdom are paying more often with contactless debit cards than with cash, according to U.K. Finance.
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ATMs going, going, already gone?
by Richard Buckle — Founder and CEO, Pyalla Technologies, LLC
I have begun observing that there are fewer and fewer ATMs in places where I used to see them — at airports, railway stations and malls.
read nowNigerian CIT firm to deploy Transtrack CWC for ATM, retail cash management
June 12, 2018
Bankers Warehouse, a Nigerian full-service cash management and handling business, has tapped software solutions provider Transtrack International to deploy…
read nowGerman bank outsources ATM cash management to Diebold Nixdorf
June 8, 2018
Germany's Degussa Bank has elected to outsource management of the cash supply chain for its 220 ATMs to Diebold Nixdorf.
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1 simple way to make merchant cash management a snap
by atm Atom — blogger, atmatom
Admittedly, cash sales present merchants with challenges — the cost of theft and shrinkage and the time spent separating and counting notes, filling out bank…
read nowWomen more likely than men to pay with cash
June 8, 2018
On a worldwide basis, women typically use cash 6 percent more often than men, according to a consumer payments survey by data and analytics company GlobalData.
read nowAs frictionless payments struggle for traction, consumers cling to cash
June 7, 2018
Consumer concerns about data security and privacy are hampering the move to frictionless payments, according to Lost in Transaction: Payment Trends 2018, a…
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Sweden's far from accidental journey to a cashless society
by Ron Delnevo — Chairman, Cash and Card World
Sweden's apparent move toward becoming the planet's first cashless state is clearly neither accidental nor simply the outcome of choices made by the Swedish…
read nowPaysafe unveils online payment option for unbanked and cash-preferred consumers
June 6, 2018
Payments provider Paysafe has launched Paysafecash, the company's new payment option that caters to cash-preferred online shoppers around the world.
read nowTweet-storm directed at Visa points out perils of push to cashlessness
June 4, 2018
Visa made a compelling (and ironic) case for cash over the weekend, when the network when down over a large swath of Europe and the U.K. on Friday just before…
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