SBA looks to CDFIs in PPP lending; U.K. banks worried about ‘PR disaster’


The agency is trying to get small lenders to help underserved businesses get the loans; although the British government is guaranteeing small business loans, banks are required to collect on delinquents.


New York City moves to ban cashless stores


The city would join San Francisco and Philadelphia among cities that prohibit stores and restaurants from only accepting electronic payments.


U.S. ATM inventor celebrates its 50th anniversary


Donald Wetzel, the man who devised the first U.S. cash dispenser, says automated tellers will always exist — even as they evolve beyond their initial purpose.


Walmart crypto coin patent could be a back door to banking


Walmart has filed a patent application for a digital currency that, like Facebook's Libra, would be a stablecoin backed by traditional currencies. And it envisions a very specific use case where its coin could stand in for cash — or even for a bank account.


As benefit payments went digital, banks had to improve cash access


Most agencies use electronic benefit transfer to deliver funds to prepaid cards, but recipients who need access to cash are often caught in a bind, with fewer convenient or free ATMs available in an increasingly digital payments landscape.


Fed's emergency cash plan swings into action in Puerto Rico


The Federal Reserve's nationwide preparedness plan for cash emergencies is being put to a unique test in Puerto Rico. Stocks are being replenished with daily flights, but the lack of power to ATMs and branches is contributing to reports of cash shortages.


Cashless ATMs: An imperfect solution to legal pot's bank problem


The machine is among the more commonly pitched solutions for high-risk merchants that can't normally handle payment cards because banks won’t partner with them. But for dispensaries, they can be a hassle.


What should replace cash? Let the market decide


Physical cash is likely to have utility for years to come. If it passes away, better the death blow comes from superior commercial payment systems than government edict.


Amazon Cash's secret weapon is the Apple wallet


Amazon's lending its considerable brand and heft to a cash payment model that borrows a vital piece of real estate from Apple Pay.


Visa sees sharp benefits from India's cash crisis


India's sudden shakeup of its currency system last fall was an early holiday for digital payment companies, and Visa was no exception.