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Business

Asda’s Cash Move: Choosing NCR Atleos ATMs in the Cash-Friendly Wave of Business

In a move that promises to make cash withdrawal a breeze, British retail giant Asda has teamed up with NCR Atleos to introduce nifty ATMs at more than 600 of its stores. As the news broke on Monday (Nov. 27), Neil Foster, the head of Asda Money, expressed his excitement, saying, By implementing Atleos ATMs,

Asda will deliver a convenient cash access experience for our over 18 million weekly shoppers. Foster cheekily added, “Allowing simple access to cash and more services in the future is a top priority for us. We’re really excited about the Atleos vision on how to quickly introduce new innovation to further support our customers.” So, get ready for some cash magic at your local Asda!

READ: Katie Taylor Triumphs Over Cameron, Securing Two-Weight Undisputed Boxing Champion Title

The Birth of NCR Atleos: Where ATMs Take Center Stage

NCR Atleos made its grand entrance into the scene just last month, emerging from the technology services company NCR’s split into two independent entities. NCR Voyix focused on digital commerce, while NCR Atleos took the spotlight, centering its attention on the world of ATMs. In a recent collaboration,

Atleos joined forces with PayNearMe, a payments company that knows its way around iGaming and sports betting. The goal? To boost cardless cash access for iGaming enthusiasts. As PYMNTS put it, this solution aims to make it a breeze for customers and players to get their winnings in cash, dodging the hurdles tied to traditional methods of cashing out from a gaming app.

Cash is King, Especially for Gamers: A PYMNTS Insight

According to the savvy folks at PYMNTS Intelligence, nearly 90% of gamers receiving winnings payouts via cash are beaming with satisfaction — more than any other payment method. Cash also reigns supreme as the go-to choice for instant payments in the gaming, gambling, or lottery realm, as revealed in the insightful report, “Generation Instant: Gaming and Winnings,” a tag-team effort between PYMNTS and Ingo Money.

But here’s the plot twist — many folks don’t stroll around with cash in their pockets these days, and businesses are on a mission to change that. As we highlighted last month, merchants are getting creative, dangling discounts to customers who choose the cash route, trying to sidestep those pesky credit card transaction fees.

Cash, the Silent Hero: A Wall Street Journal Revelation

A Wall Street Journal report spilled the beans, citing data from the Federal Reserve Bank of Atlanta. The share of cash purchases that included discounts leaped a whopping 66% between 2015 and 2022. Payment industry bigwigs spill the tea, sharing that most merchants are a bit hesitant to play the cash discount card,

fearing it might scare off customers who’ve become accustomed to swiping their plastic companions. It turns out, according to PYMNTS Intelligence, 40% of U.S. consumers now carry cash purely out of habit, with baby boomers and seniors leading the charge. So, whether it’s out of habit or a quest for discounts, cash is here to stay, quietly making its mark in our wallets. Cheers to a year of cash tales and witty ATMs!

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