The end of cash?

[UnderOpenSky]

Doesn’t seem to have reached the northeast. So more regional than northern.

Probably to poor.

 

[marty21]

Booths is the northern equivalent of Waitrose.
I guessed it was a security thing, sending a code perhaps? I cancelled before it got any further

Went to a Booths last month - they are lovely supermarkets tbf

 

[Magnus McGinty]

I actually remember visiting one once, I’m guessing when I’d been to Preston.

 

[lazythursday]

Both the cash machines I reluctantly had to use a few days ago were touchscreen, and I'd say they are considerably more confusing / difficult to use than the old fashioned type. Sometimes things just work as they are and don't need an upgrade.

 

[gosub]

Both the cash machines I reluctantly had to use a few days ago were touchscreen, and I'd say they are considerably more confusing / difficult to use than the old fashioned type. Sometimes things just work as they are and don't need an upgrade.

Nah modern cashpoints pretty much have the same am9unt of functionality as a banking app

 

[gosub]

Visa, Mastercard Drop as Fed Eyes Changes to Debit-Card Fee Cap

Shares of Visa Inc. and Mastercard Inc. dropped in late trading after the Federal Reserve announced it will consider revising the cap on fees merchants must pay to banks each time consumers swipe a debit card at checkout.

www.bloomberg.com

Not UK but relevant


See de la rue kicked off bottom since last restruturing

 

[UnderOpenSky]

Visa, Mastercard Drop as Fed Eyes Changes to Debit-Card Fee Cap

Shares of Visa Inc. and Mastercard Inc. dropped in late trading after the Federal Reserve announced it will consider revising the cap on fees merchants must pay to banks each time consumers swipe a debit card at checkout.

www.bloomberg.com

Not UK but relevant


See de la rue kicked off bottom since last restruturing

I can't see the article, but would be curious in the difference between fees in the UK and US.

 

[liquidindian]

Also of interest, circumventing the card scheme entirely: Stripe embeds A2A payments in checkout with TrueLayer

I don't know how this will work in practice, though. I imagine you'll have to incentivise people to use it, maybewith a discount or more loyalty points or something, as I'm sure it will be more complicated than just tapping a card, but it has the potential to make things cheaper for merchants.

 

[moochedit]

Also of interest, circumventing the card scheme entirely: Stripe embeds A2A payments in checkout with TrueLayer

I don't know how this will work in practice, though. I imagine you'll have to incentivise people to use it, maybewith a discount or more loyalty points or something, as I'm sure it will be more complicated than just tapping a card, but it has the potential to make things cheaper for merchants.

If i'm reading that correctly it's talking about online payments not physical shop payments?

 

[liquidindian]

If i'm reading that correctly it's talking about online payments not physical shop payments?

Oh yeah, of course.

Better examples in this article: https://www.forbes.com/sites/davidbirch/2023/06/28/in-app-instant-in-store-payments-incoming/

 

[gosub]

https://www.cryptopolitan.com/bank-of-englands-digital-pound-consultation/?utm_source=flipboard&utm_content=topic%2Ftechnologyuk

 

[Cerv]

British Library suffering major technology outage after cyber-attack

Access to the website and services at its sites in London and Yorkshire are unavailable, the library said

www.theguardian.com

The exhibition Fantasy: Realms of Imagination is still open to the public, and tickets can be purchased on site with cash only.

I've been trying to book since the weekend but the website never loads.
paying with a fistful of specie like some sort of fantasy goblin may be appropriate for the theme.

 

[hash tag]

British Library suffering major technology outage after cyber-attack

Access to the website and services at its sites in London and Yorkshire are unavailable, the library said

www.theguardian.com

I've been trying to book since the weekend but the website never loads.
paying with a fistful of specie like some sort of fantasy goblin may be appropriate for the theme.

The BL is still down and has been hit by a ransomwear attack. Sounds a real mess

 

[PR1Berske]

From the BBC

Cash use has grown for the first time in 10 years as shoppers keep a close eye on their budgets while prices rise, retailers have said.
The British Retail Consortium said 19% of purchases were made with notes and coins last year, echoing a report by banks showing a slight rebound.
The figures come as the UK's financial watchdog has proposed new rules to help maintain access to cash.
Ministers say banks will be fined if money cannot be withdrawn or deposited.
Under government rules, free withdrawals and deposits will need to be available within one mile for people living in urban areas.
In rural areas, where there are concerns over "cash deserts", the maximum distance is three miles.

Shoppers' choices​

Cash was used in 19% of transactions last year, according to retailers, up from 15% the previous year. Until 2015, notes and coins were used in more than half of transactions and, while card use now dominated, cash still had its benefits.
The consortium said consumers were budgeting carefully to try to cope with cost of living pressures, and there was also a "natural return" for cash after it slumped during the pandemic.
Its payments policy adviser, Hannah Regan, said: "We are now seeing a return to many of the pre-pandemic trends in payments, including smaller but more frequent purchases, and a slight return of cash payments.
"Unfortunately, what has not changed, is the ever-increasing scale of fees paid by retailers in order to accept card payments."
In September, banking trade body UK Finance also reported that cash use had risen for the first time in a decade, pointing to the financial impact of rising prices.
But it said it expected cash use to decline over the coming years, once the current financial squeeze had eased

 

[brogdale]

From the BBC...."once the current financial squeeze had eased."

As if...

 

[UnderOpenSky]

I was walking around Hyde town center on my lunch today and there's a tripe stand on the market. They only took cash. You lot would have loved it.

 

[brogdale]

I was walking around Hyde town center on my lunch today and there's a tripe stand on the market. They only took cash. You lot would have loved it.

View attachment 403357

Any vegetarian tripe?

 

[PR1Berske]

I love tripe. Ice cold from the fridge and swimming in vinegar.

 

[hash tag]

Out on a call for work this morning I lost my wallet. Before I could get home from work my wallet had been returned to Mrs Tag at our home address
but not before someone had taken the few notes that were in it. Good luck to them if their need was that great.

 

[Elpenor]

Spotted on my walk to the station

 

[phildwyer]

Starbucks in the USA now refusing to take cash--that is until you contact the manager and she apologizes profusely and burbles about not having enough float in the register at 5am.

 

[farmerbarleymow]

Starbucks in the USA now refusing to take cash--that is until you contact the manager and she apologizes profusely and burbles about not having enough float in the register at 5am.

There's only one branch of Starbucks in the US?

 

[pbsmooth]

Spotted on my walk to the station

View attachment 405467

My FrEeDOm!?!!!

 

[LeytonCatLady]

My FrEeDOm!?!!!

Yes, actually.

 

[phildwyer]

There's only one branch of Starbucks in the US?

Just the one, aye. Gets mighty busy on a Saturday night.

 

[BristolEcho]

Cultural observations of people who use Scab tills.

 

[danny la rouge]

Cultural observations of people who use Scab tills.

Beautiful. I’m tearing up.

 

[LeytonCatLady]

In my local chippie.

 

[Chz]

If the Big Bank is getting 0%, that means they aren't depositing any cash. Because the business account that has free cash deposits doesn't exist. It's a big, bold font that screams either AUDIT ME or ROB ME. Neither of which I'd want to let everyone know about.

 

[BristolEcho]

I was going to ask about tax and wages.