The stock market’s plummeting numbers have caused some banks to run out of large bill denominations as customers flock to take as much out of their accounts as possible, The New York Times reported. One such example is in New York City at the Bank...
The Egyptian government is investigating the possibility of a feasible transition to a limited, new cash payment system that would replace the ration cards on which tens of millions of the country’s neediest residents currently rely for basic human needs, according to Bloomberg. Government officials...
Italy, which has one of the lowest rates of credit card use in Europe, may start to see that change soon as the government will give bonuses to those who use electronic payment services over cash. The government put aside $3 billion to finance the...
Fast food giant McDonald’s is facing backlash over its push to install touch-screen kiosks in a majority of its stores, according to a report by Bloomberg. The kiosks don’t help the significant portion of McDonald’s customers who don’t have debit or credit cards, which is...
Cash flow is that thing that can keep a business owner or executive up at night — and night after night, after night. Cash flow is that thing that can ruin a cocktail hour with thoughts of missing payroll, or make minds drift while watching...
A new resource to expand cash access in the U.K. is being launched by Mastercard, the company said in a press release on Thursday (Sept. 12). U.K. stores and businesses can earn a fee when they offer customers cashback when making a purchase. The cashback...
Google’s parent company Alphabet has surpassed Apple as the company with the biggest cash reserves in the world, according to a report by the Financial Times. The move comes as Apple has made a conscious decision to let go of some of its cash reserves,...
For the last several weeks, and for a few more to come, students at the nation’s high schools and colleges are donning their gowns and mortarboards and collecting their diplomas. For many of those getting university degrees, the day comes with mixed emotions, because the real world...
Usually when we’re telling a story at PYMNTS about expectations for a product being radically divergent from its actual performance, it is a story about underperformance. Something comes in on a cloud of extravagant hype only to end up with merely so-so reaction from the intended...
