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Vault Cash / Cash Management News

Kenyan 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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Shake 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…

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Cash 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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Nigerian 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…

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German 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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Women 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.

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As 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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Paysafe 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.

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Tweet-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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Brink's to acquire rival cash management firm Dunbar

June 1, 2018

The Brink's Company, a provider of cash management, secure logistics and payment solutions, has agreed to purchase Dunbar Armored Inc., the fourth largest U.S.

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Nairobi bank courts commercial customers with mobile cash deposit service

June 1, 2018

Kenya's Prime Bank has launched a mobile cash pickup service intended to attract business from commercial customers in the nation's cash-intensive retail…

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India's ATMs set to go cashless once more as bank workers stage walkout

May 30, 2018

A last-ditch effort to avert a threatened bank strike has failed, precipitating a two-day walkout by approximately 1 million bank employees Wednesday, May 30…

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ATMs doomed Down Under, financial literacy chairman says

May 23, 2018

Will Australia be largely devoid of ATMs a few years from now? That's the prediction from Paul Clitheroe, chairman of the Australian Financial Literacy Board.

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India printing cash like it's going out of style because, well ... it's not

May 18, 2018

The Reserve Bank of India has initiated a 500 percent increase in bank note printing in order to ensure that citizens do not experience another cash shortage…

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Australia criminalizes cash purchases over $10K

May 15, 2018

The Australian government has announced that, starting in July 2019, it will be unlawful to conduct a cash transaction of more than 10,000 Australian dollars…

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St. Louis card processor deploys cash discount program

May 7, 2018

St. Louis Merchant Services, an independent credit card processing company serving small to mid-size businesses, has partnered with SignaPay Ltd. to offer that…

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Morphis intros intuitive omnichannel cash forecasting tool for FIs of any size

April 23, 2018

Morphis Inc., a provider of currency supply chain management software, has introduced Morphis-IMF Intuitive Monetary Forecasting.

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India's cash woes just won't quit

April 20, 2018

ATM cash outages are again an issue in India, nearly 18 months after Prime Minister Narendra Modi's government sent the banking industry into turmoil by wiping…

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Springfield, Missouri's largest CU opts for Arca cash recyclers

April 17, 2018

BluCurrent Credit Union of Springfield, Missouri, an institution with more than $140 million assets and three branch locations serving nearly 20,000 members…

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Coinstar solution lets consumers pay bills with cash

April 16, 2018

Coinstar, a provider of self-service coin counting kiosks, and doxo, a web and mobile bill payment solution, have partnered to provide a cash bill pay service…

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