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What’s Happening with Cash? Read the latest…

Wednesday, May 22, 2019

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Company: ATM Industry Association

Amazon Go: A Case Study in Cashless Retail Pushback

Amazon has recognized that U.S. consumers are not quite ready to give up cash as a payment option.

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Why Cash Won't Disappear Any Time Soon

The debate over whether we should become a cashless society shows no signs of abating soon.

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The Resilience of Cash in a Digital World

As mobile wallets and other cash alternatives are introduced, the trend raises the very real question of whether cash needs legislative protection.

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How NationalLink advances the flow of cash through businesses

This month's WCW Pro-Cash Newsltter is sponsored by NationalLink Inc.

Do you remember when TV was thought to eliminate the radio? A similar discussion is happening now between cash and digital payments. But despite all this noise, cash remains the most popular type of payment in the U.S.*, accounting for almost a third of all transaction in 2017. With that in mind, promoting cash flow and optimizing the cash handling process hold significant value for businesses.

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Cashless trend turning into a contentious debate in UK, US

A newly released report in the U.K. issued a stark warning, saying that if current trends continue in that country, more than 8 million people, or 17% of the population, will struggle to cope with the lack of cash availability.

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Cash is Still King: San Francisco Bans Credit-Only Stores

San Francisco officials voted Tuesday to require brick-and-mortar retailers to take cash as payment, joining Philadelphia and New Jersey in banning a growing paperless practice that critics say discriminates against low-income people who may not have access to credit cards.

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ATMIA Washington D.C. Fly In

ATMIA has taken up the need for bans on cashless retail establishments as our major advocacy issue for 2019. Continued growth of cashless retail establishments is a situation that could be a truly existential threat to the industry.

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The Cultural Importance of Cash

Half the adults in the world -- approximately 2.5 billion people--do not partake in any formal financial services. Most of these people are in developing economies, however, even in first world regions, sometimes almost 20 percent of people are unbanked. Lack of funds typically tops the list of reasons why people do not have bank accounts.

Banks must meet a slew of regulations and guidelines, which often prevent poor people from opening accounts. In rural areas, the distance to simply reach a banking location may present a barrier. While banks are making inroads to become more financially inclusive, cash remains the numbe one payment method people of all backgrounds can utilize.

This Month's Newsletter is Sponsored By:

NationalLink Inc. is an industry leader in cash handling solutions. Founded in 1992, NationalLink started as a merchant services acquirer and continues to offer payment solutions today. Since 1996, NationalLink expanded to providing complete ATM solutions, repairs, and armored cash management services. NationalLink’s growing network of 16,000 ATMs span across 50 states, Puerto Rico, the U.S. Virgin Islands, and now American Samoa. For more information, visit www.nationallink.com and see how NationalLink can help grow your business.

If you're interested in sponsoring the WCW Pro-Cash Monthly Newsletter and reaching over 13,000 emails, please contact Claire Feterl by email or at 605.274.0277.

The Withdraw Cash Wednesday campaign is designed to promote consumer cash usage by reminding consumers to withdraw cash from the ATM the Wednesday before the U.S. Thanksgiving holiday for their Christmas Black Friday shopping needs and every Wednesday for their weekend endeavors. Backed by ATMIA, the campaign is also designed to educate consumers about the benefits of cash such as using it as a budgeting tool, reducing debt and saving money by not having to pay credit card interest fees and saving time at the checkout.

You can learn more about WCW by visiting the website and cash blog.