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ATMIA Launches Cash Hub to Highlight the Importance of Cash
ATMIA launched Cash Hub. The new portal will house global information about pro-cash initiatives and trends, as well as stories from members about cash during and beyond the pandemic, as a resource for the industry.
The Cash Hub provides information about where cash access is being threatened, cash trends, statistics, infographics, news articles, videos, Cash Council meeting information and additional resources, designed to help ATM and cash businesses stay up to date.
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The risks to society in a move towards a cashless world
The COVID19 pandemic has radically changed the way we live and made us reassess what we previously considered important. In fact, we actually need very little to survive, both as individuals and as a global society.
Governments across the world have told people to work remotely or stop working entirely and minus the few sectors deemed ‘essential’, Europe and the world have closed their doors, borders and businesses to ensure our safety.
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Cardless Access to Cash Now Available Via Nearly Two Thousand Financial Institutions’ Card Control Apps
Fiserv, Inc. a leading global provider of financial services technology solutions, announced that it is expanding access to card-free ATM withdrawals for consumers across the country. CardFree CashSM, which enables consumers to use their mobile device to securely access their accounts, is now accessible via the popular CardValet® mobile app and available on Diebold Nixdorf and NCR ATMs driven by Fiserv.
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[On-Demand Webinar] The ATM Channel in the New Normal
This month's WCW Pro-Cash Newsletter featured article is from Fiserv.
Throughout the pandemic, consumer needs around ATMs have shifted, yet some have remained the same. Fiserv has its finger on the ATM industry pulse, and will share current trends, cash management best practices, vendor health, seasonality considerations and how the health of the financial services industry can influence decisions.
- The importance of shifting your thinking beyond the physical ATM to customer behaviors along the whole customer journey
- Key things to consider when thinking about your ATM vendors
- Advantages to outsourcing ATM management and what to look for when doing so
- How to retain 100% of your ATM income
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How Covid-19 changed the UK's relationship with cash
Almost 12 months since the UK Government announced the first national Covid-19 lockdown, LINK, the UK’s main ATM cash machine network, has published data showing how our use and relationship with cash has changed through the pandemic.
One striking trend however is that while we are visiting ATMs less often, the amount withdrawn on each visit has dramatically increased. During the first lockdown in April, we saw it increase from around £67 per withdrawal to over £85 and while it fell back to £78 during the summer, 2021 has seen it climb back to £84.
READ MORE...
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Cash usage has increased amid the pandemic, Brinks CEO says
While digital retail sales have surged during the coronavirus pandemic as homebound consumers spend more time on money online, cash is still king, according to the chief executive of Brinks.
Doug Pertz, CEO of the cash management company know for its money-carrying armored trucks, told CNBC’s Jim Cramer Tuesday that data show cash circulation in the U.S. economy is even higher than pre-pandemic levels.
“Potential investors confuse that cash is going down,” but “the strength of cash is just as strong as it was before, and the amount of cash [used] in the economy is just as strong,”
READ MORE...
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Cash and COVID-19: The Effects of Lifting Containment Measures on Cash Demand and Use
Cash in circulation increased from $83 billion before the pandemic to more than $96 billion in late September 2020. We break down this increase into withdrawals from and deposits to the Bank.
Canadians’ self-reported cash-on-hand holdings returned to pre-pandemic levels (median $70) in July after increasing in April (median $85). Use of all payment methods (measured by the percentages of Canadians using them) increased in July compared with April, but cash saw the largest increase.
READ MORE...
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This Month's Newsletter is Sponsored By:
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Fiserv is dedicated to delivering technology and services innovation to help its clients push the boundaries of what's possible in financial services, delivering deep expertise and innovative solutions to help financial institutions, businesses and consumers move and manage money faster and with greater ease than ever before.
As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale solution.
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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:
December 2020 - Sponsored by Fiserv
January 2021 - Sponsored by Fiserv
February 2021 - Sponsored by Fiserv
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!
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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.
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