Tag: cash

Swiss National Bank payment survey.

“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

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
International Bank Note Society

IBNS – for the love of banknotes

The International Banknote Society has published the winner of it’s prestigious ‘Banknote of the Year’ award for 2016. The Swiss National Bank was voted this eminent distinction for the 50 franc note. With over 120 banknotes issued in 2016, the competition was significant with runners-up including the Maldives Islands 1000 Rufiyaa tortoise/whale shark; Argentina’s 500 Peso […]

Read More

Link launches ATM finder app

Link has launched an ATM finder app showing the location of all 70,000 Link ATMs. The app is fully accessible for visually impaired people and uses voiceover technology and geo-location. It was developed with the support of the Thomas Pocklington Trust, a sight loss charity. The free app is available from the Apple and Android […]

Read More

Australian banks call to scrap the avocado.

They are not something you see in your wallet every day, but the vividly coloured Australian $100 note, sometimes known as the ‘avocado’ may be scrapped if the Reserve Bank of Australia heeds calls from analysts. “Removing large denomination notes in Australia would be good for the economy and good for the banks,” UBS analysts […]

Read More

Cash in Transit robbers convicted

A North London gang of eight cash-in-transit robbers who laundered their stolen cash in automated payment machines were today convicted of their crimes. The gang would rob cash-in-transit guards, make their getaways in stolen vehicles and break into the iBoxes in secluded locations. When confronted with stained notes from the iBoxes, the criminals would launder […]

Read More

Police rewards for information paid out by ATMs

Police in Cape Town are using ATMs as part of their latest initiative to capture perpetrators of serious crimes. Road shows are taking place where criminals faces are projected onto walls around the city. Information leading to their arrest is rewarded with prepaid debit cards which can be used to withdraw cash from ATMs. Full […]

Read More