Profile

Ron's blog archive

2019 (3) 2018 (3)
Ron Delnevo

Ron Delnevo

Chairman at Cash & Card World
Message Message me Posts: 6 Comments: 6
Bio My focus:preserving choice in every aspect of life.Thought Leader & Keynote Speaker on importance of Cash within Payment Choice. Career History Leadership roles in a variety of organisations. Twenty years heavy involvement in Financial Services. Currently spearheading the work of the ATM Industry Association in Europe.

Blogs

Financial Inclusion

Payment Choice - Not Everybody's Cup of Tea?

10 Jul 2019

I started scribing this article on July the 4th, so it is perhaps natural that my British mind turned to tea. However, my own brain had no room for thoughts about Boston. No. My Gray Matter was focused on a Street Cafe near to the UK Payment Systems Regulators (PSR) palatial offices in Stratford, London. There I was, readying myself for a meeting w...

1

Innovation in Financial Services

Action Required NOW to Maintain Payment Choice in the UK -the Time for Talking and Debate is OVER!

01 Jun 2019

I am a decisive person. I favour action over endless debate and discussion. Winston Churchill said “Meeting jaw to jaw is better than war.” BUT, certainly in the UK, we “jaw” too much and get too little done. Look at the expansion of Heathrow.... EXACTLY. When I write my book, exposing the failures of others and glorifying myself ( that’s what biog...

Financial Inclusion

The Cost of Cash......

29 Apr 2019

I was very disappointed to see in the recent UK Access to Cash Review the headlined assertion that “cash is expensive”. Even if the figure of £5 Billion quoted in the Review as being the annual cost of cash in the UK is accepted - and many believe it should not be - how can it be judged to be “expensive”? It has to be remembered that Sterling - the...

Innovation in Financial Services

A Vision of a Smart Future for UK ATMs

18 Jun 2018

Which? has issued a report that claims the Big 5 Banks in the UK are closing their branches at the rate of 60 a month. If this is true, it will not be the run-rate of closures for long. Barclays,HSBC, Lloyds Banking Group, RBS Group and Santander have only around 5000 branches left between them. A 60 per month closure rate implies they will all be ...

Ron is Commenting on

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.

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% that 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 Store figures) achieving 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”. 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 success 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.