Breaking News
The ATM Turns 50: Its “Effect On Everyday Life Can’t Be Understated”
Sophie Guibaud, VP of European Expansion at Fidor Bank, said of the 50th anniversary of the ATM:
“Undoubtedly the ATM ushered in a new era in banking and its effect on everyday life can’t be understated. Today you can find an ATM in the farthest flung place in the world, with over three million machines dotted across the globe.”
“Now with the ATM turning fifty, it’s time we accepted a new reality that cash has reached its final days and the future is cashless, in more developed countries to start with.”
“There are simple reasons why we are moving to a cashless society, not just in the UK but across the world. The cost of physical paper and coin cash – handling it, securing it, insuring it – is huge for banks and merchants. It’s inconvenient for consumers, too, as it weighs down their pockets and can easily be stolen, leaving no trace which leads back to its rightful owner.”
“There are some issues that need to be addressed before we finally pull the plug on cash, – such as more efficient peer-to-peer payment services and digital point-of-sale systems that are available to retailers large and small, to name but a few.”
“However, while ATMs should be fondly remembered, thanks to today’s rapid technological advances, we’ll soon feel the same about those days when we carried cash around with us too.”
- Why So Many Fintech AI Projects Are Failing (And How to Fix Them) Read more
- Mastercard, NCR Atleos, and ITCard to Enhance Contactless Experiences at ATMs Read more
- Paytently and Mastercard Partner to Launch Next- Generation Open Banking Payment Solution Read more
- Botim Expands UAE-Ethiopia Financial Corridor With Commercial Bank of Ethiopia Partnership Read more
- Onafriq and Visa Partner to Launch Visa Pay, Unlocking Interoperability Between Card and Mobile Money in the DRC Read more
Mastercard, NCR Atleos, and ITCard to Enhance Contactless Experiences at ATMs
Mastercard with NCR Atleos and ITCARD are enabling cash to be securely withdrawn at contactless ATMs
Paytently and Mastercard Partner to Launch Next- Generation Open Banking Payment Solution
Paytently has launched Paytently Open Banking powered by Mastercard Open Finance streamlining payments end-to-end
Botim Expands UAE-Ethiopia Financial Corridor With Commercial Bank of Ethiopia Partnership
botim announced a partnership with the Commercial Bank of Ethiopia to deliver secure, convenient remittance solutions for Ethiopians in the UAE
Onafriq and Visa Partner to Launch Visa Pay, Unlocking Interoperability Between Card and Mobile Money in the DRC
Onafriq has partnered with Visa to launch Visa Pay to expand digital financial access across the DRC
Jet2 Selects APEXX Global as Payment Orchestration Partner
Jet2 has selected APEXX Global as its exclusive Payment Orchestration Partner to optimise and future-proof its global payments infrastructure
Binance and Franklin Templeton to Develop Digital Assets Initiatives and Products
Binance and Franklin Templeton announced a collaboration to build digital asset initiatives and solutions tailored for a broad range of investors
Charm Security and Give an Hour Unite AI and Mental Health Expertise to Fight Scams
Charm Security and Give an Hour have partnered to address the financial and psychological harms of scams and financial crime
Why So Many Fintech AI Projects Are Failing (And How to Fix Them)
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Mastercard, NCR Atleos, and ITCard to Enhance Contactless Experiences at ATMs
Mastercard with NCR Atleos and ITCARD are enabling cash to be securely withdrawn at contactless ATMs
Paytently and Mastercard Partner to Launch Next- Generation Open Banking Payment Solution
Paytently has launched Paytently Open Banking powered by Mastercard Open Finance streamlining payments end-to-end
Botim Expands UAE-Ethiopia Financial Corridor With Commercial Bank of Ethiopia Partnership
botim announced a partnership with the Commercial Bank of Ethiopia to deliver secure, convenient remittance solutions for Ethiopians in the UAE
Onafriq and Visa Partner to Launch Visa Pay, Unlocking Interoperability Between Card and Mobile Money in the DRC
Onafriq has partnered with Visa to launch Visa Pay to expand digital financial access across the DRC
Jet2 Selects APEXX Global as Payment Orchestration Partner
Jet2 has selected APEXX Global as its exclusive Payment Orchestration Partner to optimise and future-proof its global payments infrastructure
Binance and Franklin Templeton to Develop Digital Assets Initiatives and Products
Binance and Franklin Templeton announced a collaboration to build digital asset initiatives and solutions tailored for a broad range of investors