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Wednesday, September 29, 2021

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Company: ATM Industry Association

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September 2021

Cash not only survived the pandemic — it came out stronger

Cash usage is showing signs of surpassing pre-pandemic levels — and some of the digital payment options put in place during lockdown are actually fueling the trend.

While much of the attention has been on major overhauls, companies have also invested in systems that accommodate cash users' habits during lockdown.

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How a cashless society may spell doom for an entire industry

Cash used to be ubiquitous. It was everywhere. Rich people used it. The middle class used it and even those at a financial disadvantage preferred these tangible bills...

Cash was a suboptimal solution to facilitate transactions. And while you may disagree with that assessment, know that it’s only the case because you may not be privy to the hidden costs of carrying cash.

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Going Cashless: It's Not What You Think

During the COVID-19 pandemic, our lives were turned upside down—including the way we purchased necessary goods and services. Given the advancements in technology that occurred in the last year, it makes sense that the use of cash would drastically change as well.

But what would happen if companies went cashless, and how it could benefit customers who maybe still prefer cash?

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ATMIA Releases ‘Cash Stories’ Highlighting the Positive Impact of Cash on Everyday Life and During the Pandemic

As a sign of pride in our industry and to highlight the positive impact of cash during the pandemic and on everyday life, ATMIA has released ‘Cash Stories.’

Cash Stories is a portfolio of photos and stories, submitted by ATM deployers and vendors from around the world, underscoring how cash and ATM services positively affected consumers during the pandemic, in emergencies and during the course of normal day to day life. It also includes efforts by the industry to correct the misconception that cash was not safe to use during the pandemic.

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More Cash News

Cash is top choice for parking payments

More than half (56 per cent) of people 65 and over said their top payment preference is physical cash, according to the survey by the AA.

Three fifths (62 per cent) of those from low-income families said cash was their first choice.

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PETER HITCHENS: A cashless society is brilliant...if you are a spy or a thief

My advice for now: use cash wherever you can, welcome it if you are in business. And the Government should reform the legal tender laws to oblige traders to accept reasonable quantities of coins or notes for any transaction.

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U.S. Mint Produces Nearly 1.2 Billion Coins for Circulation in August

U.S. coin production in August topped the billion level for a seventh straight month, although the actual amount ranked toward the lower end for those months, manufacturing figures from the United States Mint show.

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Celebrate Cash News with Withdraw Cash Wednesday

Cash globally remains the most widely used and popular form of payment today. ATMIA’s goal with the Withdraw Cash Wednesday initiative is to communicate as an industry the many benefits of cash, while combating the negative press cash has received over the last few years to ensure consumers have cash as a payment choice for years to come. This monthly newsletter is geared towards sharing positive cash news reaching more than 10,000 ATM industry readers per month.

Don't miss our recent newsletters:

May 2021 - Sponsored by Fiserv
June 2021 - Sponsored by Sargent & Greenleaf
July 2021 - Sponsored by Sargent & Greenleaf
August 2021 - Sponsored by ATMIA

View all past Pro Cash Newsletters here.

Follow Withdraw Cash Wednesday on Twitter and share our posts. You can even share your own personal cash story. Please share Withdraw Cash Wednesday news with customers, friends and family to promote cash usage!

If you're interested in sponsoring the WCW Pro-Cash Monthly Newsletter and reaching over 10,000 emails, please contact Claire Feterl by email or at 605.274.0277.