Category: Digital Payments

Mastercard sets biometric ID deadline for banks

Mastercard has committed to guaranteeing that every one of its customers will have access to biometric authentication services by April 2019 Mastercard has set a deadline of April 2019 for widespread use of biometric identification for users of its service. The payments company said all of its customers would be able to use biometrics, […]

Auckland leads drive towards cashless cities, Visa says

Auckland is one of nine cities to be dubbed “digital leaders” in a global study on realising the benefits of digital payments paid for by Visa. The Cashless City report makes a plea to governments around the world to drive their cities towards a cashless future, which Visa says would drive efficiencies, boost […]

American Airlines Joins United In Cashless Transactions At MIA

MIAMI (CBSMiami) — Don’t forget to pack your credit or debit card next time you travel on American or United Airlines out of Miami International Airport. Starting Thursday, American will join United in saying no to cash and yes to plastic. “We’re cashless in cities like New Orleans, Dallas and […]

Starbucks tests no-cash policy at downtown Seattle store

Starbucks is experimenting with refusing cash at a posh location in downtown Seattle. Since Tuesday, your money is no good at the cafe inside the Russell Investments Center unless it’s in the form of plastic. Starbucks is experimenting with refusing cash at a posh location in downtown Seattle. Since Tuesday, […]

American Airlines is going cash-free at airports

If you’re planning on flying American Airlines out of Miami International Airport, don’t forget your debit card. Starting Thursday, the mega-airliner has announced it is moving to a cashless model at the Florida airport and will no longer be accepting anything other than credit or debit cards for desk transactions […]

Visa Shuts Down Crypto Credit Card Company Without Warning: “All the Cards Were Shut Down in One Second”

Gibralta based payment solutions company, Wavecrest, was shut down by Visa today — stranding thousands of people with Bitcoin credit cards now effectively worthless. Source: CNBC The card provider, WaveCrest, confirmed in an email to CNBC that it was required “to immediately close all Visa cards.” “As a licensed E-Money […]

Cash Might Be King, but They Don’t Care

The other day at Dig Inn, a just-opened lunch spot on Broadway and 38th Street in Midtown Manhattan, Shania Bryant committed a consumer faux pas. She placed her order for chicken and brown rice and yams, and when she got to the register, she held out a $50 bill. “Sorry,” […]

Cash is dead as small businesses opt for e-payment in China’s digitalisation drive

China’s US$5t e-payment market accounts for 42 per cent of the world’s e-commerce transactions Cash, alas, is no longer king as operators of mainland China’s small businesses will tell you. In major Chinese cities, paying by paper money is all but dead thanks to the convenience of mobile payment, which […]

‘Toward a cashless society’ – Gov’t to limit cash transactions

Finance Ministry pushing to limit use of cash, checks between private individuals, businesses. Cash payments over $1450 to be banned. Israel’s Finance Ministry is pushing to limit the use of cash in private business transactions, both between customers and businesses, as well as between private individuals. Based on the findings […]

No cash accepted at Tokyo eatery to deal with labor shortage

Azusa Ushio The Asahi Shimbun (Archive) FUKUOKA–Restaurant chain operator Royal Holdings Co. has cooked up an innovative solution to overcome the labor shortage problem–eliminating cash payments. Cashless restaurant Gathering Table Pantry will open on a trial basis in Tokyo on Nov. 6 with a “No Cash” sign at its entrance. […]