OCBC Bank adopt QR codes for cash withdrawals Posted on 31st July 2019 by Spinnaker OCBC Bank in Singapore is now offering customers QR codes as an alternative to using physical cards and PIN codes. Customers approach the ATM, select the option to use the PayAnyone app, scan the QR code on the ATM screen and select the amount of cash to withdraw. OCBC estimates this new process will reduce […] Read More
EUROPOL releases report on preventing physical ATM attacks Posted on 17th June 2019 by Spinnaker Europol published its report calling for renewed attention on best practice methods to prevent ATM physical attacks. Links to the report here. Read More
ATM physical attacks on the increase Posted on 20th April 2019 by Spinnaker EAST has just published a European Payment Terminal Crime Report covering 2018 which reports that ATM physical attacks have risen for the fourth consecutive year. ATM related physical attacks rose 27% when compared with 2017 (up from 3,584 to 4,549 incidents). Within this total ATM explosive attacks (including explosive gas and solid explosive attacks) were […] Read More
Amazon Go stores now accept cash Posted on 18th April 2019 by Spinnaker Earlier this week Amazon took the decision to accept additional forms of payment at it’s cashier free stores. In addition to the accepted forms of electronic payment, customers can now pay with old-school cash and ‘Amazon Cash’. This allows users to pay cash into their Amazon accounts and so run a balance. Payments can be […] Read More
New Jersey bans cashless stores Posted on 19th March 2019 by Spinnaker From Ars Technica: On Monday, New Jersey Governor Phil Murphy signed a bill banning cashless retail stores and restaurants in the Garden State. Murphy’s signature makes New Jersey the second state in the US to ban cashless stores, after Massachusetts banned them in 1978. Read More
Is cash really at risk of disappearing? Posted on 8th March 2019 by Spinnaker The Access to Cash review would have us believe that cash in the UK will be nothing but a memory as we ‘drift’ toward a cashless society. Without action, people will be left behind as the UK becomes ‘cashless’. Gareth Shaw, Head of Money, Which?, said: “We have been warning for years of the risk […] Read More
Spinnaker contributes to The Parliamentary Review Posted on 5th February 2019 by Spinnaker Every year The Parliamentary Review’s September launch brings together the most creative and inspiring voices across business, industry, education and the public sector to share insight, encourage best practice and help organisations confront the challenges of an ever-changing political landscape. Co-chaired by Lord Blunkett and Lord Pickles, The Review features commentary from senior politicians including […] Read More
“Flip, look and feel” Posted on 20th November 2018 by Spinnaker The Royal Bank of Canada has launched it’s new $10 banknote. The polymer uses a vertical design and features Viola Desmond, a successful black Canadian businesswoman and social justice advocate. The note was first revealed on International Women’s Day (8th March) and entered circulation on November 19th. Details about the security features can be found […] Read More
Swiss National Bank payment survey. Posted on 24th July 2018 by Spinnaker “Cash accounts for 70% of all payment transactions in Switzerland and 45% of transaction values.” The results of a survey conducted by the Swiss National Bank have been published and the findings challenge the popular (mis)conception that cash is on the way out. “Overall, the survey paints a picture of multifaceted use of payment methods […] Read More
Currency Associations welcome decision by EU to suspend legislation on Cash Payment Limitations Posted on 29th June 2018 by Spinnaker Currency Associations welcome decision by EU to suspend legislation on Cash Payment Limitations “No link between cash and the financing of crime and terrorism” Brussels, June 20, 2018 Associations related to cash and currency ATM Industry Association (ATMIA), European Security Transport Association (ESTA), European Intelligent Cash Protection Association(EURICPA), International Currency Association (ICA) andIntergraf, welcomed the decision by the […] Read More