Cash

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

06/01/20

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.

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New York City moves to ban cashless stores

01/23/20

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

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U.S. ATM inventor celebrates its 50th anniversary

09/09/19

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.

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Walmart crypto coin patent could be a back door to banking

08/02/19

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.

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

07/26/19

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.

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

10/02/17

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.

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

08/11/17

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.

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What should replace cash? Let the market decide

06/08/17

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.

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Amazon Cash's secret weapon is the Apple wallet

04/03/17

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

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Visa sees sharp benefits from India's cash crisis

02/02/17

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

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