Profile

Location

Leatherhead

Member since

2018

Writes about

Payments Regulation & Compliance Retail banking Start ups Financial inclusion Covid-19

Ron's blog archive

2020 (5) 2019 (6) 2018 (3)

Ron Delnevo

Chair at UK Cash Supply Alliance

Message Posts: 14 Comments: 7

Bio My focus:preserving choice in every aspect of life.Thought Leader & Keynote Speaker on Financial Service, including the importance of Payment Choice. Career History Leadership roles in a variety of organisations. Twenty years heavy involvement in Financial Services. Currently leading consultant, with a focus on payments, innovation and new business launches.

Blogs

Fintech

Improving Cash Access in the UK

24 Sep 2020

Cash access is a huge issue in the UK today. To help address the issue, UK Finance established the Community Cash Access Pilot Scheme, to encourage innovative companies to provide new solutions for cash access. Now the Pilot Scheme Board has announced the innovations it has decided to support. A good example of the solutions selected is Sonect, the...

Financial Supply Chain

US coin shortage a DISASTER for cash!

04 Jul 2020

Cock up - or a conspiracy? Whichever it is, this shortage of coins is a disaster for cash. Many retailers are looking for excuses to limit cash use and this shortage is a gift to them as they pursue their “cashless” ambitions. Cash is an essential item on the Payment Choice menu. The right to use cash is even more fundamental to US democracy than t...

Financial Inclusion

Give Cash a Great Big Hug!

04 Jun 2020

My love affair with cash started with my parents. I was born in the 1950s, entering the world just as the UK was finally leaving World War 2 rationing behind. In those far off days, there was plenty of poverty – but little debt. The financial system really didn’t allow the general public to have significant debt. Personal loans from a bank or build...

The future of Payments in Europe

Cash: The Comeback-Kid?

04 Jun 2020

There is much speculation about the extent of the comeback cash will make after the latest pandemic is behind us. To be fair, cash has had a bit of a tough ride. Lockdowns impacting more than half the worlds population have lured people into the clutches of internet shopping - and, as we all know, paying by cash on the internet is a bit tricky! On...

See all Ron's blogs

Ron is Commenting on

Link sets up ATM delivery fund

Novelty schemes like this, whilst nice for the 40 or 50 UK sites that may qualify, do nothing to solve the issue of the loss of thousands of free-to-use ATMs throughout the UK. More ATMs are being lost every day. The figures show that the remaining ATMs in the UK are as busy as they have ever been in terms of the amount of cash withdrawn by the public. There is no justification for a single additional ATM to be removed. In reality, every community with 1000 adults needs at least one local, convenient to access, free-to-use ATM. This means that the UK needs between 55000 and 60000 free ATMs, yet there are now under 48000. To get back to the required number of ATMs, LINK needs to return to a transparent funding scheme for ALL remaining ATMs, rather than focusing on 40 or 50 sites of special interest. It is the 45 million plus adults in the UK who continue to want to use cash who deserve LINKs full attention.

03 Oct 2019 Reply Read article

Brits predict a cashless society

The really SERIOUS point is that vested interest are trying to rob the UK Public of Payment Choice. This flawed survey does NOT tell us what the Public WANT. The 59% who are supposedly predicting a “cashless” society by 2030 are NOT saying they WANT that to happen. They are simply saying they believe it may well happen. What’s interesting is that even with the $ Billions anti-cash vested interests are spending to convince the Public that “cashless” is coming, 41% of those surveyed do NOT believe it! Anyway, the anti-cash mob will NEVER win. Cash will remain on the UK Publics Payment Choice menu FOREVER!

03 May 2019 Reply Read article

Which? raises alarm over ATM network charges

We need to stop talking about cash as if it is a minority interest. The case for cash is NOT about a few million people - less than 5% of the population - who only use this payment method. The real issue is that everyone in the UK has the right to Payment Choice, a right to decide for themselves which payment method meets their personal requirements. An attempt is being made to force cash off the Payment Choice menu available to the British public. It must NOT be allowed to succeed. The government needs to act, since their appointed regulators can’t even talk a good game, let alone take decisive action. Government intervention is needed as follows, with urgent legislation as necessary to force outcomes: * LINK must return to a cost-based ATM interchange. Arbitrary cuts which render ATM services uneconomic to provide are UNACCEPTABLE. * LINK must have a statutory obligation to guarantee free access to ATM cash in every community. Let’s stop the pretence there are better ways to deliver cash; there are NOT. * oblige businesses to accept cash payments for in-person transactions. There you have it. Three steps needed to ensure that the UK public - ALL of us - can continue to have cash as a Payment Choice. The time for committees, reports and debate is over! Action is required NOW, in 2019!

02 May 2019 Reply Read article

ATMs can become thing of past

This blog, in focusing on the UK, makes assumptions that are incorrect. ATMs elsewhere on the planet ARE substitutes for bank branches. The fact that UK ATMs do NOT offer a variety of financial services transactions points to a lack of investment in community customer services, something considered unacceptable in many other countries. Even in the UK, it is wrong to suggest cash withdrawals are the only service on offer. Balance enquires and similar services account for more than 1/3rd of all ATM activity. The recent Access to Cash Report revealed 97% - YES, 97% - of UK adults continue to carry cash and nearly half of them - 25 million adults - would have their lives seriously disrupted if cash is not conveniently available. Cash is not a Minority Interest - the majority of people continue to choose to use cash and MUST be free to do so. They are entitled to have Payment Choice. As regards how this vital cash is supplied, ATMs are the ONLY channel that works for the vast majority of the public - which is why ATMs meet over 90% of the UK’s cash needs today. Cash from retailers tills - “cash back” - can augment cash from ATMs BUT never replace it. The figures are easy to understand. The average free-to-use UK ATM delivers £3 Million cash per annum; a local community shop, usually (from Association of Convenience Stores own figures) achieves total sales of less than £1 Million a year - and 25% or more of those sales are card-based. So, clearly, such a shop cannot possibly deliver £3 Million per year via “cash back”, to replace a lost ATM. What we - the UK Public -need is not misguided and unworkable schemes to replace ATMs. What we DO need is legal protections put in place to guarantee the future provision of Smart ATMs - allowing deposit, recycling and withdrawal of cash - in EVERY community, ATMs which CAN replace the dodo-emulating bank branches. Such legal protection will safeguard ACCESS to cash for individuals and businesses around the UK. We also need ACCEPTANCE of cash guaranteed by law, so that no business which accepts in-person payments is permitted to refuse cash for payment. Other markets have such laws. The UK must follow their lead, in the Public Interest. No further blogs required. The answers are provided in what I have just keyed.

13 Apr 2019 Reply Read article