Payments are a big business. According to the Boston Consulting Group, payments generated $1.1 trillion in revenue in 2015, representing 29% of global banking revenues. By 2025, they are projected to reach nearly $2 trillion. Payment cards are the most important and...
Yves Mersch, member of the European central bank (ECB) executive board, recently expressed himself on the role of cash in the evolving payments landscape and highlighted its popularity among consumers. He also explained that cash is a crucial tool to build consumers’...
Paper and coin currency have been with us for thousands of years, but many believe that cash will cease to exist in the coming years, because of environmental initiatives to reduce paper and plastic consumption. Nearly every consumer worldwide owns a credit or debit...
Retail shrinkage is a common problem for many stores. Shrinkage is the culmination of losses that your business experiences as a result of employee theft, shoplifting, administrative mistakes, and vendor fraud. When your business has a higher shrink rate, your profits...
Speaking on the occasion of the launch of the new € 50 banknote, Mario Draghi, President of the European Central Bank stated “Though electronic payments are becoming more popular, cash is still our most important means of payment. A soon-to-be-published survey on cash...
Be Note Ready The European Central Bank (ECB) today unveiled the new €50 banknote, which will enter into circulation on 4 April 2017. The introduction of the new note marks the latest step in making euro banknotes even more secure. After the €5, €10 and €20, the €50...
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