Category: Uncategorised

Amazon Go stores now accept cash

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 […]

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New Jersey bans cashless stores

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.  

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Is cash really at risk of disappearing?

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 […]

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Spinnaker contributes to The Parliamentary Review

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 […]

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“Flip, look and feel”

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 […]

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Ulster Bank reveals new ‘portrait’ design banknotes

Ulster Bank revealed a new series of portrait style banknotes this week. The new design will be vertically oriented (portrait) and will be themed ‘Living in Nature’. The £5 note will focus on the sea and migration and features Strangford Lough and Brent Geese. The new £10 note will emphasise growth of agriculture and heritage, […]

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Size matters in Canada – denominations are function specific

Banknote denominations affect people’s demand for physical cash. A study by the Bank of Canada has highlighted a trend in deposit behaviour between interest rates and deposit behaviour. The working paper looked at the probability that as interest rates increase, users are more likely to deposit high value notes C$1000 (US$783) and less likely to deposit smaller […]

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Join Spinnaker at ICCOS Europe in Dublin

Spinnaker is pleased to be a sponsor of the ICCOS Cash Cycle Seminar next month. We will be in Dublin between the 16-19 April. We will be talking about how our technology can eliminate cash loss, deter theft and keep track of your assets. If you would like to arrange a meeting, send us an […]

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