LINK, the operator of the UK’s ATM network, have just reported: “Cash is gradually coming back. The 19th May saw ATM withdrawals of £179m, the highest for a Tuesday during Lockdown and up 20% on Tuesday the 21st April” LINK I am running a Twitter poll for a newsletter piece on post pandemic cash use in the UK and would […]
A new study has highlighted Europe’s leading cashless economies. Retail Times report that a new study by Merchant Machine has analysed Europe’s leading cashless economies. The study highlights the countries where citizens would like to go completely cashless the most and who uses contactless payments the most. COVID19 changes everything Given the study was pre-lockdown it is likely that the […]
Moving the “UK Fintech Week 2020″ to an online format was a smart move – especially as it meant that I could join the excellent ‘The Future of Cash Post COVID-19” webinar moderated by Natalie Ceeney and supported by Graham Mott and John Howells from LINK (the operator of the UK’s ATM network) – all from the comfort of a […]
Cash usage dropped by half over the last week, it is vital that digital payment options are accessible, inclusive and equitable for all in society. The planned increase of the contactless limit from 1 April is an excellent first step. However, don’t forget that with digital wallets like ApplePay payments are not constrained by a limit. Just 6 days away […]
Today (9 March 2020) LINK, the company that operates the UK’s ATM network, released the weekly statistics for ATM based cash withdrawals. When comparing week ending 8 March with the equivalent week in 2019, LINKS own data shows that there were 6,300,000 fewer ATM withdrawals during the 7 day period. Over six million fewer transactions over a seven day period! […]
It is being widely reported that the Chancellor, Rishi Sunak, will unveil new laws in next week’s Budget to protect the right to use cash. The move is intended to ensure that people who rely on cash such as vulnerable groups and local communities around the UK can access cash as and when they need it. Although I’m a cashless […]
Today Link, the operator of the UK’s largest ATM network, published the number and value of ATM transactions across their network over the last week. Once again the figures continue to demonstrate that the UK is fast becoming a truly cashless society. Link’s figures show that cash withdrawals for last week are down roughly 10 million on the equivalent week […]
A summary of ‘Navigating the future of donations’ breakfast briefing For the full article please visit: https://rapidataservices.com/direct-debit/rapidata-and-iof-breakfast-briefing-summary-navigating-the-future-of-donations/ A Rapidata and Institute of Fundraising event Last week Rapidata held a breakfast briefing with the Institute of Fundraising on the future of payments and donations in the not for profit sector, exploring the challenges and opportunities for charities. At a glance: Declining […]
As Gloucester Rugby trial cashless bars at the Kingsholm stadium it was great to share my experiences of being cashless with BBC Radio Gloucester’s Steve Kitchen. https://www.bbc.co.uk/sounds/play/p081prfn You can catch my piece at 1 hour and 26 minutes.
Like many clubs and businesses Gloucester Rugby club are trialing cashless stadiums. Starting with this Friday’s match against Sale the club will be trialling payment by card only in a number of bars at the Kingsholm Stadium. As Gloucester’s rugby club make this move, it was great to be on Steve Kitchen’s BBC Radio Gloucester’s breakfast show this morning sharing […]
A guest blog by: Joël Kai Lenz Hi there! My name is Joël Kai Lenz and I’m here to talk to you about my experience on my past 2 years of living without any cash. Before I get started with the article, I need to tell you about my everyday life. Why? Well I feel it is the best way […]
It is always good to be honest – so let me confess….. I paid in cash for two things today! If you follow me on social media you’ll know that from the top of Shetland’s North Isles to the beaches of Lanzarote and everywhere in between I have been successfully cashless for a very long time. I am often asked […]
Sitting on a bench outside the Jewellery exhibition at the Victoria and Albert museum thinking about the impact of free access to one of London’s most prestigious museums. Does a cashless donation option at a museum make you more likely to donate? Vote now: https://twitter.com/mike_chambers/status/1198605774580256768?s=21
One Ring to rule them all, One Ring to find them, One Ring to bring them all. J.R.R Tolkien, The Lord Of The Rings The One Ring appears as the central plot element in J. R. R. Tolkien’s The Lord of the Rings (1954–55). It is also described in an earlier story, The Hobbit (1937), as a magic ring of invisibility. I was reminded of Tolkien’s ring earlier this week when I met the people at ICARE Technologies who have developed a smart ring called Aeklys. Designed to replace all keychains and wallets will this be ‘one ring to bring them all’? Made in France and designed by Philippe Stark the ring enables you to start and unlock your car, […]
It may have been because Strong Customer Authentication (SCA) has arrived as part of the second Payment Services Directive (PSD2). So what? You may ask! If you make contactless payments then this will affect all of us – yes, even you. First things first This blog post is not: an in-depth analysis of the minutiae of SCA and PSD2 – there are many others who can provide a much better explanation and analysis of these two things. This blog post is (or at least tries to be): a simple explanation of some payment disruption that we all will probably experience in shops in the coming days when you try and make a contactless payment. For clarity, let me repeat that […]
“Just like that … boom” cashless payment experience for a customer. Excellent piece by Paul Lewis on BBC Radio 4’s Money Box on Saturday about paying for the Big Issue using iZette. Sellers using Monzo providing inclusive and accessible banking.