Cost of living: People turning back to cash as prices rise
People are going back to cash to keep tighter control on their spending as living costs soar, according to new research by the Post Office.Post offices handled £801m in personal cash withdrawals in July, the most since records began five years ago.That's up more than 20% from a year earlie...
Retail NI slams suspension of rural ATM rates relief scheme
The suspension of rural ATM rates relief in Northern Ireland is costing small retailers an extra £130,000, according to Retail NI.The scheme, which provided rates relief on external ATMs for more than 70 independent retailers in rural areas, has been suspended as a result of Stormont not meeti...
Supermarkets win ATM business rates case against the government
A legal ruling means supermarkets are no longer facing financial pressure to ditch 'hole in the wall' cash machines.Retailers are in line for a £200m tax refund after winning a legal fight against the government over business rates for store cash machines.Supermarkets including Tesco, ...
Relief for retailers as Link abandons ATM fee cuts
ATM network controller Link has cancelled some of the planned cuts to ATM interchange fees in order to protect the public’s access to cash.Link announced in January 2018 that the interchange fees paid by banks to ATM operators would be slashed by 20% by 2021. While the first interchange fee re...
Northern Ireland shoppers lead way for using cash rather than cards
Cash is still king for Northern Ireland consumers with almost double the number here choosing it ahead of card payments. Almost two-thirds of people quizzed here said they preferred using cash when paying for goods and services.That’s significantly higher than the UK average of 35%, according ...
Why cash is king: Five situations where cards don't cut it
Visa is waging a war on cash, with a scheme in the US encouraging small businesses to ditch it as a form of payment.Chief executive Al Kelly told investors last month that the company was "focused on putting cash out of business," and is considering bringing the initiative to these shores....
Cash 'lives on' after 50 years of ATMs
Cash will remain a part of our day-to-day lives for decades, the Bank of England's chief cashier has said on the 50th anniversary of the ATM.Victoria Cleland said that although the use of notes and coins in transactions is falling, cash is part of all the Bank's future plans.All did not go e...
