• ENEN
    • IT IT
    • FR FR
    • DE DE
    • ES ES
PARTNER LOGIN
  • ENEN
    • IT IT
    • FR FR
    • DE DE
    • ES ES

Auriga

  • COMPANY

    • About Us

    • Auriga History

    • Group

    • Our Values

    • Our Network

      • Partnerships

      • Certifications

      • Suppliers

    • CSR (ethical code)

      • CSR – Corporate Social Responsibility

  • BANKING

    • Overview

    • Needs

      • Channel Integration

      • Monitoring network

      • Marketing & Customer Relations

      • Accessibility of banking service

      • Corporate Banking

      • Banking Data Analysis

      • Branch of the Future

    • Products and Solutions

      • Shared Services

        • WinWebServer Architecture

        • Proactive Network Monitoring

        • One to One Marketing

      • ATM / Kiosks

        • WWS ATM

      • Internet / PC

        • WWS PC

      • Mobile Banking and Payments

        • WWS Mobile

      • Electronic payments

        • MyBank

      • Bank Marketing & Digital Signage

        • WWS One to One OMNIA

        • WWS Signage

        • WWS Perfect

        • WWS RSS Feed

        • WWS Simply Feed

      • Network Monitoring & Fraud Management

        • WWS Proactive Monitoring Manager

        • WWS Fraud Management System

        • WWS Simply Check

      • Call Centre

        • WWS Help Desk

      • Cash Handling

        • WWS Cash Handling

        • WWS Cash Management

      • Digital Invoicing and Document Management

        • WWS e-Invoicing

      • Branch

        • WWS Fill4Me and Bank4Me

        • WWS Greæter

        • WWS Customer Management

      • Business Analytics

        • WWS Business Analytics Management

        • WWS Asset Management

      • Cyber Security Platform

        • Lookwise Device Manager

  • NEWS & MEDIA

    • News

    • Press Release

    • Press Review

    • Blog

    • Videos

    • Infographics

  • RESOURCES

    • White Papers

    • Customer stories

    • Research

    • Brochures

  • CONTACT

    • Contact us

  • CAREERS

    • Work for Us

    • Online application

    • Job vacancies

Press Release

  • Home
  • News & Media
  • Press Release
  • Cash is still the preferred method of payment
future of payments

Cash is still the preferred method of payment

10 March 2020 / Press Release

Deutsche Bank recently released its The Future of Payments research report, which outlined that over 60% of British respondents expressed that cash is still their preferred method of payment, and will always be around despite the rise of digital payments. This sentiment is particularly true for those aged over 35 and those living in the countryside.

You may find this comment from Mark Aldred, banking specialist at Auriga, of use. Auriga is a European technology company that helps banks expand their use of ATMs and other self-service banking.

They are instrumental in helping retail banks in Italy, Belgium, France, UK, Portugal and Mexico to take a different approach to how branch networks are cut back and how ATMs can be used to generate revenues and offer more services.

One of the main reasons why cash is under threat is due to the high and rising operational costs of running ATMs. Additionally, the convenience of contactless digital payments seems to be pushing the use of cash closer to extinction. However, cash usage isn’t declining across the board – we need to recognise the strong attachment customers have with using ATMs to manage their financial affairs.

Nearly one in two Britons visit a cashpoint weekly. Cash is losing its pre-eminence, but it is going to continue to be part of a wider mix of payment methods – especially against a backdrop of the questionable reliability of other bank channels following a string of high-profile outages of online and mobile banking services. Indeed, the reliability and security of an ATM is often unmatched by those other channels.

Protecting access to cash for all communities from inner cities to remotest rural areas is vital. Communities need access to not just cash but an array of banking services that support local economies. There is a need for greater imagination from some parts of the industry to use advances in self-service banking technology that can give a community a bank branch in a box or rejuvenate their bank branch as a focal point for financial services.

The ability to customise modern ATMs to offer additional services from paying a bill to doing a live video call with a financial product specialist also allows cash access to be subsidised through generating extra revenues. Perhaps the government should stride in to help if the industry doesn’t do more to help itself, but I am optimistic that we can evolve cash access to better serve customers if we break the old mould of how ATMs are operated.

Auriga is a leading supplier of software and technological solutions for the banking and payments industries, and a specialist provider of innovative omnichannel solutions to banks and other financial institutions. Its solutions, deployed on over 70% of Italian ATMs, are founded on modern architecture and improve time to market for new services while lowering costs and building long-term competition.

Download the press release

For information about Auriga’s PR activities and to receive our press kit:
Contact the Communication Department

     
  • Tweet
  • News
  • Press Release
  • Press Review
  • Blog
  • Videos
  • Infographics

SUBSCRIBE TO THE NEWSLETTER

Subscribe today and you will get:

  • News on software solutions
  • Customer stories
  • Invitations to industry events and conferences
  • Detailed reports
  • Market research
  • and much more!
CONTACT

HEADQUARTER - BARI
Via Don Luigi Guanella, 17
70124 Bari - Italy

TEL: +39.080.5692111

info@aurigaspa.com

Milan office
Rome office
Brussels office
London office
Madrid office
Pamplona office
Mexico City office

BUSINESS CONTACTS
Niccolo Garzelli - Auriga - Footer

Niccolò Garzelli Milan office
niccolo.garzelli@aurigaspa.com

MARK ALDRED London office
mark.aldred@aurigaspa.com

Stefano Cipollone Milan office
stefano.cipollone@aurigaspa.com

Daniela Azzolini Milan office
daniela.azzolini@aurigaspa.com

MARTIN ESPINELMexico City office
martin.espinel@aurigaspa.com

lukasz-feluch

ŁUKASZ FELUCHLondon office
lukasz.feluch@aurigaspa.com

RUDY DE WOLFBrussels office
rudolf.dewolf@aurigaspa.com

EXPLORE
  • About Us
  • WinWebServer
  • Blog
  • White Papers
  • Research
LATEST NEWS
  • Auriga-trends-2023-blog-ENG

    Banking and fintech trends to watch in 2023

    24/01/2023
  • f1-solutions-image-press-release

    AURIGA EXPANDS INTO CENTRAL & EASTERN EUROPE MARKET FOR DIGITAL SELF SERVICE BANKING TECHNOLOGY

    19/01/2023
  • atm-operation-at-bank-blog-ENG

    Protecting access to cash in a digital world

    20/12/2022

Connect with us

SUBSCRIBE TO THE NEWSLETTER

Auriga Spa - Copyright © 2022 - All rights reserved | Legal Notice | Privacy Policy
P.I. 05566820725 - Capital € 1.196.055 i.v. - R.E.A. 426675

TOP
We, and third party websites you may interact with via our site, use cookies to collect site usage data and improve your experience, this includes permanent and profiling cookies.
By clicking ‘Accept’ you agree to allow cookies, however you can disable this through your browser settings at anytime. If you opt to totally or partial disable cookies, this might compromise some features on the website.
For more information on our cookie policy, go to the Legal Notice page.
Accept

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT