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News
Cash is king again? Why you want to keep more cash in your wallet
1+ mon, 3+ day ago (650+ words) Standing in her children's play centre in Nicholls, Let's Play Indoor Playground & Cafe owner Caitlin Beaton told customers in a video on her business page she needed to run 687 birthday parties a year just to cover the $240,000 in rent and…...
The Skipper: Maybe cash is still King?
1+ mon, 3+ day ago (248+ words) We often hear about banks closing and more people making digital payments instead of using cash. But this summer, it seems things are different, as recent Post Office data show that cash deposits have reached record highs, with warmer weather…...
Cash, Checks, and the Quiet Erosion of Financial Freedom
1+ mon, 1+ week ago (804+ words) B. Waine Kong, Ph.D., JD There is an old saying that money talks. But increasingly in America, the kind of money you carry determines whether anyone is willing to listen. Walk into a growing number of restaurants, parking garages, event venues,…...
Cash is King: Is cash making a comeback?
1+ mon, 2+ week ago (686+ words) Increasingly when we buy, we reach not for our wallets, but for our phones. When we check our balance, we feel the vibration of a notification, not the rustle of loose change in our pockets. But is cash making a…...
Cash is king (but is it?)
3+ mon, 5+ day ago (19+ words) Money market funds offer stability, but after tax and inflation, long-term returns may barely preserve investors’ purchasing power....
RBA’s surcharge hit on the banks may miss bigger picture
5+ mon, 1+ week ago (104+ words) AFR Regulators rightly want the big four to be unquestionably resilient, but some senior bankers wonder whether the surcharge move sends a different message. In recent weeks, as it has become clear the Iran war won’t end quickly, the federal…...
RBA weighs in, to lower costs for business
5+ mon, 1+ week ago (378+ words) Still ahead today, RBA March meeting minutes: The Reserve Bank of Australia has announced sweeping reforms to the country’s payments system, including a ban on card surcharges and a reduction in interchange fees, in a move expected to deliver around…...
Fed issues biennial report on debit card transactions in 2023
7+ mon, 2+ week ago (312+ words) Recently, the Fed released its eighth biennial report on debit card transactions, providing an in-depth look at industry trends for 2023, pursuant to Section 920 of the EFTA. The report stated that payment card networks processed 100.7 billion debit and prepaid card transactions…...
Federal Reserve Board publishes its biennial report on debit card transactions, which summarizes information collected from large debit card issuers and payment card networks
8+ mon, 3+ week ago (148+ words) An official website of the United States Government Official websites use.gov Secure.gov websites use HTTPS Federal Reserve Board publishes its biennial report on debit card transactions, which summarizes information collected from large debit card issuers and payment card…...
Fed announces expanded operating days for Fedwire Funds Service and National Settlement Service
10+ mon, 3+ week ago (321+ words) On October 3, the Fed issued a notice to be published in the Federal Register that the Fedwire Funds Service (Fedwire) and National Settlement Service (NSS) will expand their operating days to include Sundays and weekday holidays. Under the new schedule,…...