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Payment News

Visa has laid out its payment plans for the future. The focus is on making payments personalised for the individual user, convenient and secure.

News - July 1, 2024 midnight

News in Brief

The 2024 Diary of Consumer Payment Choice in the US found payment transactions increasing 46 per month (up seven) but cash use stable (seven per month), and therefore falling as a share of payments. Cash held as a store of value and as a backup payment instrument remained ahead of 2020 numbers.

News - July 1, 2024 midnight

News in Brief

In February A$9.5 billion was withdrawn from ATMs in Australia. This figure is being used by campaigners to argue that it is Australia’s banks, rather than Australia’s people, who are driving cash out.

News - May 22, 2024 midnight

Payment News

Apple has responded to an antitrust case brought in 2022 in Europe. It is offering to allow iPhone users to make contactless payments using third-party providers.

News - May 22, 2024 midnight

News in Brief

It appears that Vermont is the latest US state to consider introducing legislation to force cash acceptance.

CPN - April 19, 2024 midnight

Payment News

Payment technology has had a bad time in the UK recently. Four major firms have had IT issues that hit contactless payments– two food outlets (McDonalds and Greggs), two supermarkets (Sainsbury’s and Tesco).

News - April 19, 2024 midnight

Payment News

The second payment methods survey of companies in Switzerland took place in Spring 2023, with 1,750 companies taking part.

News - March 26, 2024 midnight

News in Brief

The Federal Reserve has published its 2023 findings on consumer payment behaviour. Confusingly, this is based on the 2022 survey.

News - March 26, 2024 midnight

News in Brief

The European Union has developed plans to reduce money laundering. This includes a limit on cash payments of €10,000 (versus €3,000 as previously proposed).

News - February 20, 2024 midnight

Payment News

A new version of the famous Monopoly board game has been created, ‘Monopoly Voice Banking’, that has replaced paper cash with a voice-activated banker.

News - February 20, 2024 midnight