Ron Delnevo Chair at UK Cash Supply Alliance
Cash access is a huge issue in the UK today. To help address the issue, UK Finance established the Community Cash Access Pilot Scheme, to encourage innovative companies to provide new solutions for cash access. Now the Pilot Scheme Board has announced the innovations it has decided to support. A good example of the solutions selected is Sonect, the...
24 September 2020 /startups /inclusion Fintech
Cock up - or a conspiracy? Whichever it is, this shortage of coins is a disaster for cash. Many retailers are looking for excuses to limit cash use and this shortage is a gift to them as they pursue their “cashless” ambitions. Cash is an essential item on the Payment Choice menu. The right to use cash is even more fundamental to US democracy than t...
04 July 2020 /payments /inclusion Financial Supply Chain
My love affair with cash started with my parents. I was born in the 1950s, entering the world just as the UK was finally leaving World War 2 rationing behind. In those far off days, there was plenty of poverty – but little debt. The financial system really didn’t allow the general public to have significant debt. Personal loans from a bank or build...
04 June 2020 /payments /inclusion Financial Inclusion
There is much speculation about the extent of the comeback cash will make after the latest pandemic is behind us. To be fair, cash has had a bit of a tough ride. Lockdowns impacting more than half the worlds population have lured people into the clutches of internet shopping - and, as we all know, paying by cash on the internet is a bit tricky! On...
04 June 2020 /payments /inclusion The future of Payments in Europe
One of the aspects of the current Coronavirus Pandemic that makes my blood boil is the tendency of the advocates of particular payment methods to claim they are somehow safer for the public to use for in-person payments. Sometimes such claims are supported by "research" findings or even the words of a handy "academic", presumabl...
18 April 2020 /payments /covid-19 The Payments Business
Time to wish a happy 21st Birthday to the ATM installation that changed the face of cash provision in the UK! Yes. That’s right. It is exactly 21 years since the first Independent ATM was installed in this country - and that same ATM was also the very first pay-to-use ATM to be installed in Europe! I was there, at a Spar store in Stone Cross in Bir...
20 December 2019 /payments /retail Financial Inclusion
More stories this week in Britain about the potential for Post Offices to replace ATMs as far as the supply of cash to the public is concerned. There is a heavy irony in Post Offices now being touted as substitutes for ATMs in the UK. Way back in 1967, the Scot John Shepherd-Barron invented the ATM because he was frustrated that bank branches were...
03 October 2019 /payments /retail Financial Inclusion
The British Retail Consortium (BRC) - a trade association which represents 80% of Big Box UK retailers – published some survey data on UK payments last week. Basically, the BRC research estimated that card payments in the UK amounted to £296 Billion and cash payments only £77.7 Billion (1). If you are an avid consumer of all the anti-cash PR that a...
27 September 2019
I started scribing this article on July the 4th, so it is perhaps natural that my British mind turned to tea. However, my own brain had no room for thoughts about Boston. No. My Gray Matter was focused on a Street Cafe near to the UK Payment Systems Regulators (PSR) palatial offices in Stratford, London. There I was, readying myself for a meeting w...
10 July 2019 /payments /regulation Financial Inclusion
I am a decisive person. I favour action over endless debate and discussion. Winston Churchill said “Meeting jaw to jaw is better than war.” BUT, certainly in the UK, we “jaw” too much and get too little done. Look at the expansion of Heathrow.... EXACTLY. When I write my book, exposing the failures of others and glorifying myself ( that’s what biog...
01 June 2019 /payments /retail Innovation in Financial Services
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