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Global Cash News 💰 For You

Wednesday, May 25, 2022

May 2022

Webinar: Improving Cash Management and Logistics

Join us on June 7, 2022 for a webinar that features e a panel of experts sharing insights on reducing costs in the cash management systems.

It’s all about modernizing and optimizing the whole cash cycle, to make cash even more competitive and cost-efficient. Respected industry thought leaders will pinpoint where improvements can be made in the cash supply chain from Central Banks to commercial banks, as well as to CiT operators and retailers and businesses.

Join our panel of experts for a fascinating hour of insights, information and open discussion.

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In the UK, No One Will Travel an 'Unreasonable' Distance to Deposit or Withdraw Money Under New Legislation

New laws to protect the future of cash were announced yesterday in a victory for Money Mail.

Millions of Britons still rely heavily on bank notes and coins to pay for goods and services despite the rise of contactless debit and credit cards.

They include elderly and vulnerable people – and families on lower incomes. The new laws will aim to ensure no one has to travel an ‘unreasonable’ distance to deposit or withdraw money.

It has not yet been revealed how far this will be. A huge number of bank branch and cashpoint closures has left parts of the country in danger of becoming money deserts.

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Maybank introduces contactless ATM cash withdrawal service in Malaysia

Maybank Group has introduced the first-ever contactless automated teller machine (ATM) cash withdrawal service in Malaysia, now available via the MAE app at selected ATMs nationwide.

The new service aims to enhance convenience for more than 12 million Maybank ATM cardholders as they continue to adjust their lifestyles to the new norm and enjoy more digitally-enabled access to traditional banking services.

President and chief executive officer (CEO) Datuk Khairussaleh Ramli said the new contactless cash withdrawal service is another step in the bank's holistic offering of digital banking services.

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Do you Have a Solution to Improve Cash Management and Logistics that will Help ATM Deployers Reduce Costs?

ATMIA wants to hear about it! Get your cash management solution in front of 10,000+ industry professionals globally by participating in our new “Improving the Costs of Cash White Paper” contest.

ATM industry members worldwide are encouraged to submit a two-page document highlighting software, strategies and other tactics that improve cash management and logistics White paper entries will be featured on ATMIA’s popular white paper library

“ATMIA is always looking for ways to engage members for the long-term good of the industry,” said Mike Lee, CEO for ATMIA. “This white paper contest provides a fun way to encourage the global ATM industry to advocate for the future of cash, with a focus on reducing costs, and remaining competitive as a payment method.”

─ Mike Lee, CEO for ATMIA

Top papers will be featured in an email sent to over 10,000 ATM industry professionals

*Submissions are due 31 May 2022.

Submit Your Paper

More Cash News

Vulnerable Populations and the Case for Cash

The Federal Reserve Bank of Atlanta recently wrote a post about communities not being able to access cash because of natural or man-made disasters.

But even in "normal" times, access to cash remains an important consideration, especially for consumers who use it as their only or preferred means of payment. They look at how cash remains an important payment option and how accessing it may be becoming more difficult for certain vulnerable populations.

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Cardless Cash Withdrawal: Why it Curbs Fraud Like Cloning and Skimming

The Reserve Bank of India has asked banks to provide the option of card-less Cash Withdrawal (ICCW) at their ATMs, a move aimed at curbing frauds like skimming, card cloning and device tampering.

The interoperable cardless cash withdrawals facility using the Unified Payments Interface (UPI) platform, will be available across bank's ATM networks.

Cardless cash withdrawal facility will allow customers to withdraw money from ATMs without using their debit or credit cards.

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Survey Shows Swing Towards Universal Cash Deposits for ATMs

ATMIA recently announced the results of its industry survey “Readiness for Universal Cash Deposits for ATMs 2022” which showed that an overwhelming majority of respondents support the adoption of Universal Cash Deposit at ATM networks.

“With over 68.5% of the respondents saying they would support Universal Cash Deposits at ATMs,” said Mike Lee, CEO of ATMIA, “the signs are good that the ATM industry itself is shifting towards the need to accelerate ATM cash deposits as both a long-term economic necessity and as a consumer or end-user demand.”

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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.

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January/February 2022
March 2022
April 2022

View all past Pro Cash Newsletters here.

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