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Advocating for the ATM Industry: An Eye-Opening Experience

Advocating for the ATM Industry: An Eye-Opening Experience

Created By : 26-Aug-2019 Write By: Samir Kadi Published In: Latest ATM News Hits: 24 Comment: 0

As an ATM industry professional and vendor, I have witnessed the success of independent ATM operators and the resulting widespread availability of ATMs in the U.S. But, more recently, I have seen an influx of proposed laws and regulations that pose a threat to the very businesses upon which millions of cash-dependent consumers rely. This motivated me, for the first time, to join my ATM industry colleagues for the National ATM Council's third annual "ATMs Go to Washington" fly in. 

Why Lawmakers are Protecting Cash Usage

Why Lawmakers are Protecting Cash Usage

Created By : 01-Jul-2019 Write By: Samir Kadi Published In: Cash Hits: 215 Comment: 0

Cash is alive and well in the U.S. Efforts to ban cashless retail are gaining momentum across the nation. In total there are 11 bills currently approved or making their way through the legislative process including two in Congress. Earlier this year, Philadelphia became the first major city to ban cashless retail stores in an effort to protect consumer access to the marketplace. New Jersey, San Francisco, Massachusetts, and other cities and states quickly followed suit. Find out the latest by reading more...

 


Who Wins When Cash is No Longer King? Hint – It Won’t be the Poor

Who Wins When Cash is No Longer King? Hint – It Won’t be the Poor

Created By : 13-May-2019 Write By: Samir Kadi Published In: Credit Card Processing Hits: 239 Comment: 0

Of the most popular coffee shops in San Francisco’s Financial District, only one is manned by a robot. Every morning, in a glass-and-wood booth on the corner of One Bush Street, customers queue around a whirring hydraulic arm, waiting for it to serve them cappuccino. It’s an odd sight. Cafe X has three San Francisco locations, and all are cashless and fully automated, with orders taken via app.

Paying with Cash Helps You Save. It Also Can Give You More Joy

Paying with Cash Helps You Save. It Also Can Give You More Joy

Created By : 13-May-2019 Write By: Samir Kadi Published In: Cash Hits: 192 Comment: 0

Paying with a credit card has many benefits but appreciating the value of money isn’t really one of them. When the actual money is virtual — represented solely by a line on a screen — and the process of making a purchase is a quick swipe or a tap, it feels less real and less precious.

National ATM Council Update: In the Face of Public Pushback -  Amazon Now Seeks to Innovate with Cash

National ATM Council Update: In the Face of Public Pushback - Amazon Now Seeks to Innovate with Cash

Created By : 13-May-2019 Write By: Hassan Published In: Latest ATM News Hits: 251 Comment: 0

According to multiple recent press reports in the past 24 hours, the formerly "cashless" Amazon-Go Stores will now start accepting cash as well as other forms of payment at their retail locations. This reported policy change follows claims by state and local lawmakers that cashless retail discriminates against the under and un-banked, a position echoed by community leaders who have called the cashless policy "elitist." Recently enacted laws banning cashless retailers in Philadelphia and the state of New Jersey, as well as the contemplation of similar legislation in New York City, San Francisco, Chicago, and Washington, D.C., have served to bolster the public policy arguments against "no-cash" retailing.

 

News of the Amazon policy was leaked, and later confirmed, from an internal meeting in which Steve Kessel, the company's Vice President of Physical Stores, announced a variety of new "payment mechanisms" for Amazon's brick-and-mortar locations. These are said to include the acceptance of cash payments and government subsidized SNAP benefit payments, along with a program that would allow consumers to add cash value to digital accounts via other retailers, such as a convenience and drug store chains.

Boost Business with a Cash Discount Program

Boost Business with a Cash Discount Program

Created By : 30-Apr-2019 Write By: Samir Kadi Published In: Credit Card Processing Hits: 254 Comment: 0

One of the most common complaints of small retailers like convenience stores, bars, and single location restaurants is the high cost of accepting credit and debit cards. Card processing fees can cut into already thin margins for many business owners. Now merchants can virtually eliminate fees with a cash discount program.