The Danger of Moving to a Cashless Society
For several years now, and even more so during the global COVID-19 pandemic, advocates of a cashless society have grown louder and louder. Yes, the convenience of going cashless by using a smartphone app or a credit/debit card to make purchases is not to be ignored....
Why Cash Gets an Undeserved Bad Wrap
Why are advocates of a “cashless society” so against cash? Mostly because of, well, money. Yves Mersch, a member of the Executive Board of the European Central Bank, wrote in a 2017 article advocating for a cash society that advocates for a “cashless society” tend to...
ATMIA Challenges New Study Coming out of Australia
The ATM Industry Association (ATMIA) is challenging a recent study that was conducted by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) and the Australian Centre for Disease Preparedness. Published earlier this month in Virology Journal, the...
Why Not Accepting Cash Hurts America
The global pandemic COVID-19 has increased Americans’ usage of debit/credit cards or mobile payment systems to purchase goods and services. As such, a number of businesses are no longer accepting cash as a form of payment in their establishments. This decline in...
