PayThink: The ‘cashless’ trend threatens to leave the
PaymentsSource reminds us that little is said of those who
are underbanked (let alone the unbanked who have no debit or credit card) by
those touting a cashless future. But the underbanked make up about nine million
households in the U.S., (according to an FDIC 2015 survey). How would those households fare if cash were
to go away?
Case Against Going Cashless
Why are some trendy restaurants bucking the trend and not
going cashless? One motivation is the
desire to maintain good, old customer interaction. QSR Magazine details other reasons the
latest is not always the greatest.
Shutter 1,700 Branches in Fastest Decline on Record
The branch closure rate accelerated in the first half of
2017 primarily impacting small-town and rural America. The Wall Street Journal via MSN.com explains
that while digital fills some of the gap, small businesses and consumers still
feel the loss of basic banking services.
2018 bring for the ATM channel?
NCR shares four insights into what 2018 will bring for ATMs and
their vital role in branch transformation. An example? Momentum will build for actualizing the ATM’s
potential to deliver more than 90 percent of traditional branch-based services.
Germany maintains its passion for cash
A recent European Central Bank study finds that Germans carry an
average of €103 in their wallets. Banking.com explains how culture, history and
habit may be driving Germany’s preference for cash.
Susannah Moore Griffin
Corporate Communications Manager