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Sustainability

What is DeFi?

The UK’s Information Commissioner’s Office has written a report which, amongst other things, considers the privacy implications of Decentralised Finance (DeFi).

Studies-Reports - January 31, 2023 midnight

News in Brief

The Fraunhofer Institute has been working on a project known as BASIC since January 2020, which aims to strengthen the resilience of the cash supply infrastructure in the event of an emergency or crisis.

News - January 31, 2023 midnight

European Round Up

Italy is looking at possible compensatory measures to help retailers pay card fees following its change of heart on reducing cash limits.

Country Profile - January 31, 2023 midnight

Universal Access to Payments Required

The Bank for International Settlements (BIS) has created an open access database of data relating to retail payment for 95 countries from September 2019 to June 2022.

Cash Usage - January 31, 2023 midnight

The Power of Cash

Two MBA students from the Massachusetts Institute of Technology wanted to give a percentage of their income in cash to impoverished people. They had studied the impact of government schemes in Mexico and Brazil and the results led them to want to take the same approach.

Free - December 28, 2022 midnight

MAS Investigates Retail CBDCs

Until now the Monetary Authority of Singapore (MAS) has concentrated on wholesale Central Bank Digital Currencies (wCBDC), which are used with financial institutions.

CBDC - December 28, 2022 midnight

Sustainability Thoughts from the Payment Industry

A recent article on the Raconteur website looked at what the payment industry is doing on decarbonisation. It is worth having a look at what others are doing, particularly since cash is sometimes looked at in the frame of payments generally.

Sustainability - December 21, 2022 midnight

UK Retailers Demand Intervention as Payments Shift to Cards

The British Retail Consortium has just published its 2021 survey of its members who account for 36% of total UK sales from 25,000 shops. While card usage soared, so has the cost of card payments, prompting the BRC to demand emergency intervention by the government to prevent price gouging by the card companies.

Cards - December 21, 2022 midnight

CBDC Round-Up

The Swiss Innovation Hub of the Bank for International Settlements (BIS) has started project Tourbillon, which will explore how to improve cyber resiliency, scalability and privacy.

CBDC - December 21, 2022 midnight

Reflections on Cash

An article by Tristan Dissaux - ‘The Social Role of Money in an Age of Digitalisation' - pulls together much of the debate and thinking around the payment tension created by digitisation. As we end 2022, it is a good time to reflect on this.

Future of Cash - December 21, 2022 midnight

Payment News

The settlement of a class action lawsuit against Visa and Mastercard in Canada has allowed retailers to pass on credit card fees to their customers.

News - December 21, 2022 midnight

The Impact of a Move to Mobile Payments

Does paying with mobile digital payments increase consumers’ marginal propensity to consume? If there is to be an increase in the use of mobile payments this has implications for consumers, merchants and governments. A paper from Claremont Graduate University sets out to answer this.

Mobile Payments - December 21, 2022 midnight

How Ukraine is Managing Cash in a War

The National Bank of Ukraine has maintained the supply of cash and cash circulation to over 1,500 bank branches and more than 3,800 ATMs across the country since Russia invaded in February 2022. The Deputy Governor, Oleksii Shaban, has shared their experience.

Country Profile - December 21, 2022 midnight

News in Brief

The EU is introducing a new maximum limit of €10,000 on cash payments as part of a programme to stop money laundering. Individual countries are free to set their own lower limit.

News - December 21, 2022 midnight

Tackling the Cash Management Challenge

One of the sessions at the Cash & Payments Sustainability Forum™ addressed today’s cash management challenges, and featured presentations by Loomis, FedCash® Services, G+D and Koenig and Bauer Banknote Solutions.

Cash Management - December 6, 2022 12:01 a.m.

Cash Use in Europe

Italy’s new government intends to scrap the requirement to accept electronic settlements for purchases below €30 and to raise it to €60, according to a draft of its 2023 budget recently approved by the cabinet.

Cash Usage - December 6, 2022 12:01 a.m.