With the COVID-19 pandemic continuing to disrupt the normal circulation of coinage in the U.S. economy, the U.S. Coin Task Force convened by the Federal Reserve issued a statement Friday describing the circulation slowdown and urging consumers to get coins back into use.
Super-powered ATMs may be more relevant than ever.
The coronavirus pandemic has affected the regular flow of coinage through the economy and the availability of coins for banks, Federal Reserve Chairman Jerome Powell said today.
While it is possible to be infected by the novel coronavirus from a contaminated surface in a public space, it appears this is not the main way it is transmitted.
As ATM withdrawals decline in number, the average transaction value has gone up.
Financial innovation is happening worldwide. Here are some of the top developments to watch.
Cash, debit cards and prepaid cards all increased their share of payment instruments that households use in a typical month, according to results from the Federal Reserve Bank of Boston’s 2015 Survey of Consumer Payment Choice released today.