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Cashless is not for all consumers
As cashless shopping increases in popularity, however, a stark disparity is coming to light — the underbanked are getting left behind. By definition, these are people who either don't have a bank account or have an account, but still rely on alternative financing methods, like pawn shops, payday loans and title loans, to make ends meet.
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Demand for cash remains solid in many parts of the world
In recent years, cashless payment methods around the world have become increasingly prevalent. Nevertheless, demand for cash, as proxied by cash in circulation in terms of the amount and nominal GDP, has been solid and even rising in many economies.
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Bank of Canada doesn't see a cashless society ahead
A cashless future in Canada? The Bank of Canada doesn’t see it happening.
A research paper — Bank Branches In Canada — says even if banks get rid of tellers, most Canadians still use bills and coins for purchases of less than $25.
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Sponsor this space with a 500 word article about your company.
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Six in ten people likely to use cash for gifts, treats or socialising over the Christmas period
Six in ten people (59%) across the UK who celebrate Christmas are likely to use cash instead of card when purchasing gifts, treats or socialising this Christmas, new research from the Post Office has found. This figure rises to two thirds (66 per cent) of people in rural areas.
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Limiting cash payments to $10,000 is more dangerous than you might think
We are used to being able to pay for things with legal tender. Other than in special circumstances, refusing to accept cash can have legal consequences.
The Currency (Restrictions on the Use of Cash) Bill 2019 at present before the Senate seeks to make it an offence to use “too much cash” to pay your bills.
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How do cash transfers impact the people who don’t receive them?
In 2014, GiveDirectly partnered with academic researchers to launch our largest study ever in Kenya. The ultimate goal: find out how cash transfers affect local economies, including nearby non-recipients, enterprises, and markets. Now, in 2019, the results of this research have been released.
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This month's WCW Pro-Cash Featured Advocacy article is from David Tente. ATMIA Executive Director, USA, Canada & Americas
Amazon appears to be “doing a 180” with regard to its position on cash payments. In addition to reversing its strategy for the Amazon GO! Stores, online customers now have the option of paying for their orders in cash at certain Sav-a-Lot stores.
At the Federal level, ATMIA continues to support the bill introduced last May in the House of Representatives by Congressman Donald Payne and referred to the House Financial Services Committee. Although the bill now has 13 co-sponsors, including 5 Republicans, ATMIA members are encouraged to speak to their own Representatives and request that they too sign-on as a co-sponsor.
In August, Wisconsin became the latest of 13 jurisdictions to propose a ban on cashless retail establishments. What is of particular interest in this case, is that it is the first proposal sponsored by Republicans.
READ MORE HERE...
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Shop, Eat and Celebrate the Stress-Free Way with Cash This Holiday Season
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The Withdraw Cash Wednesday movement encourages consumers to develop the habit of withdrawing cash at their nearest ATM for weekly spending to budget and avoid racking up debt, especially during the holidays.
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 13,000 emails, please contact Claire Feterl by email or at 605.274.0277.
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