News Topic: Cash
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Cannabis banking bill may get another chance at a vote with defense measure
Banks face stiffer competition for funds as Fed QT rolls on
Weed shops switch to cash after cashless ATM crackdown
Yellen vows to Colbert her signature on currency will be legible
Germany to close bank foyers at night after ATM bombing spree
Citi to offer 7-day sweeps as clients seek faster services
Gen Z TikTokers are making cash cool again
Cash is no longer king in the U.S., but will it ever go away?
Lawmakers clash over government's role in preserving cash
Cash not only survived the pandemic — it came out stronger
Cash unwanted by banks piles up at the Fed reverse repo facility
A Las Vegas casino bets against cash
Walmart partners with PayNearMe to support cash bill pay in stores
Atlanta Fed raises flags about fintech's impact on financial inclusion
Bankers can ease transition to cashless society
Cold, hard cash is inevitably going away. Banks have a responsibility to help consumers who don’t have smartphones or even email addresses be prepared, says Shawn Rose, chief digital officer of Scotiabank. ... Read full article
Banxico to finance banks that can’t dispose of dollars in U.S.
Mexico’s central bank is set to announce Monday that it will lend money to local banks that can’t find U.S. financial institutions to take their stashes of bulk cash in dollars, according to a draft of a statement seen by Bloomberg News. ... Read full article
Coin shortage eases as U.S. ramps up production
The Mint’s facilities in Denver and Philadelphia worked overtime in the second half of 2020 so that banks and retailers could get more change into customers’ hands. ... Read full article
Covid-19 transmission risk from using cash is low, study finds
The risk of catching Covid-19 through using banknotes is low, according to research by the Bank of England that suggests the aversion to using cash during the pandemic is unnecessary. ... Read full article
Central banks want digital currencies that don’t nudge out cash
Digital money will have to coexist with cash and other forms of tender, according to a report by the Bank of International Settlements, the Federal Reserve and other institutions. ... Read full article