Expert view: the ACI blog

Michael Grillo

Director, Marketing Line Leader

Posted on: Tuesday, September 4, 2012

The true cost of cash

One of the hot topics for the financial industry, the tech industry, retailers and consumers has been the development of payments via a mobile phone. Most of the talk is about how adoption will be impacted by the various technologies and which one will win out, or the fact that U.S. consumers are very concerned about the security of their financial information and how mobile transactions are processed.

Michael Grillo

Director, Marketing Line Leader

Posted on: Thursday, July 26, 2012

Going cashless: the heat is on

It seems that Canada’s revamped polymer currency isn’t quite holding up the way they hoped. Recent reports say the money has been melting when placed too close to a heater or when left in a hot car. Not a problem they thought they’d have in the Canadian climate, I’m sure.

Andy Morris

Lead Solutions Consultant

Posted on: Thursday, March 10, 2011

Card fraud increases 60 per cent in 18 months

ACI’s 2010 Global Card Fraud Survey has been making a splash in the media over the last few weeks. According to our research, approaching a third (29 per cent) of consumers across eight major economies have been victims of card fraud in the past five years. This is up from less than a fifth (18 per cent) in summer 2009.

Felitas Aguilar

Sales Manager, Germany

Posted on: Friday, October 29, 2010

For German consumers cash is still king

However, at present, many German retailers still ask their customers to pay with cash instead of using a card. Despite the costs and risk associated with the handling of cash – for both the retailer and the bank - German retailers still prefer it, as the banks in Germany currently facilitate the handling of cash. If the use of cashless payment methods in Germany is to grow, retailers need to be further educated around the costs incurred for both parties in handling cash.

Paul Love

Solutions Consultant

Posted on: Friday, February 12, 2010

The Cost of Cash

Last week there was a story posted on Finextra about the cost and dominance of cash payments in Europe. The article highlighted that cash costs the EU £84 billion, and that the level of cashless payments rose by 160% between 2000 and 2008.