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1 Love Cash Machines | Money Matters

The Automated Teller Machine has a social value far beyond that of the cash it dispenses, especially in times of crisis. The US Automated Teller Machine – or ‘ATM’ as it is better known – celebrated its fiftieth birthday in September 2019. Its British forerunner, the...

Aid agencies, governments, and philanthrocapitalist donors are inadvertently supporting financial exclusion of the poorest in society by preventing them from using their preferred, and often only, means of payment … cash. The richest man in the world, Jeff Bezos, founder and CEO of Amazon, can apparently...

As any fan of the TV series Breaking Bad will know, an ATM can not only see you but can recognise you – and your car – from across the street. It knows who you are before you’ve even stepped up to the machine. How? Because...

The new 12-sided British £1 coin – which came into circulation today (28 March 2017) to replace the existing £1 coin, of which about one in 40 are thought to be fake – incorporates some novel security features never before used when minting coins. These...

Dostoevsky, the troubled Russian author, hit the nail on the head when he said, "Money is coined liberty.” He was writing, of course, in the troubled political and social atmosphere of 19th-century Russia, so was talking more about freedom from tyranny than freedom to consume....

In another example of the humanitarian role played by ATMs, two hundred thousand residents of the Mathare slum outside Kenya's capital, Nairobi, are now able to access safe water through a network of what they call “Water ATMs”. The idea is catching on in India,...

Japan's Tohoku region was transformed from seaside haven to ravaged wasteland when an earthquake-induced tsunami struck in March 2011. Over 15,000 people died. Among the survivors was a sad, leather-faced old man -- I will call him Ogata san -- who, when asked a few...

By law, ATMs that accept deposits of banknotes have to ensure that they are the real deal and not some bad-ass counterfeiter’s forgery. With over half of all new ATMs also being ‘cash recyclers’, this presents something of a technological challenge. So how does an ATM...

In the US, giant ‘big box’ retailers are set to sue the card payment companies for billions over an issue which at first sight appears to be about consumer choice and security, but which is in fact more about the unscrupulous pursuit of profit.   Despite the...