Bank ATM outages rise after call for more cash
1 month, 3 weeks ago

Bank ATM outages rise after call for more cash

NL Times  

ATM outages in the Netherlands have become more frequent, with many machines out of service due to maintenance or malfunctions. For nearly a year and a half, banks have struggled to keep the number of these breakdowns under control, according to data from Geldmaat, the company responsible for managing the country's cash machines, NOS reports. "This led to a sudden increase in demand for cash, even in areas where behavior is usually quite predictable," said a Geldmaat spokesperson. Geldmaat, which manages the installation and maintenance of ATMs for banks, has agreements with consumer organizations and De Nederlandsche Bank regarding the number and operational reliability of these machines. The company suggests that the current standard should account not only for broken machines but also for the presence of nearby ATMs that are operational.

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History of this topic

Keep some cash at home because of cyber attacks, DNB says
3 months, 2 weeks ago

Keep some cash at home because of cyber attacks, DNB says

Dutch News  

Dutch banks are poised to recommend their clients always keep cash money hidden at home, because of the risk that payment systems may be disrupted because of mounting geographical tensions. The central bank does not suggest how much cash people should keep at home, but says it will come with more detailed recommendations about the best way to organise your …

Dutch ATM's out of order 2 to 3 times more often than agreed
1 year, 5 months ago

Dutch ATM's out of order 2 to 3 times more often than agreed

NL Times  

ATMs in the Netherlands were out of order last month far more often than the banks had promised. The banks committed to having no more than 2.5 percent of machines out of order to keep cash available, NOS reports based on data collected with the regional broadcasters. The Netherlands saw many ATMs disappear from the streets in recent years as …

Fond of cash, Germans fret over exploding ATMs, suspect neighbouring Dutch
1 year, 11 months ago

Fond of cash, Germans fret over exploding ATMs, suspect neighbouring Dutch

Firstpost  

Ratingen : Germans in Ratingen town have a new problem to deal with – exploding ATM machines. Germany, which boasts of being Europe’s largest economy has 53,000 ATM machines, a much high number that reflects Germans’ preference for cash rather than bank debit or credit cards. Significantly, the frequency of ATM attacks is falling in the Netherlands, partly due to …

Dutch central bank says too many retailers refuse cash payments
2 years, 1 month ago

Dutch central bank says too many retailers refuse cash payments

NL Times  

Too many retailers in the Netherlands have stopped accepting cash payments, warned the De Nederlandsche Bank, the country’s central bank. Refusing cash makes it more difficult for some people to make purchases, and the usability of coins and banknotes generally decreases as more and more retailers want to customers to use debit cards instead, the central bank said. About one …

Many Dutch ATMs will be out of service more frequently this summer
2 years, 8 months ago

Many Dutch ATMs will be out of service more frequently this summer

NL Times  

Many ATMs in the Netherlands will be unusable with some regularity this summer, said ATM provider Geldmaat and secure transport firm Brink's. "We are doing everything we can to meet the requested capacity, but it may be that an ATM falls out of service for longer than average during the summer," said Bas Rodenberg, director of Brink's in the Netherlands. …

Cash is still king: central bank calls for action to keep notes and coins
3 years, 8 months ago

Cash is still king: central bank calls for action to keep notes and coins

Dutch News  

The Dutch central bank has called on banks, the government and other agencies to ensure that cash remains readily accessible and available in the Netherlands for at least the next five years. Before alternative, digital payment schemes can be developed as a fall-back option to replace cash, notes and coins must be widely available and accessible, the central bank said. …

Cash is still king: central bank calls for action to keep notes and coins
3 years, 8 months ago

Cash is still king: central bank calls for action to keep notes and coins

Dutch News  

The Dutch central bank has called on banks, the government and other agencies to ensure that cash remains readily accessible and available in the Netherlands for at least the next five years. Before alternative, digital payment schemes can be developed as a fall-back option to replace cash, notes and coins must be widely available and accessible, the central bank said. …

ATMs to be closed at night for at least another year
5 years, 1 month ago

ATMs to be closed at night for at least another year

NL Times  

ATMs in the Netherlands will remain closed at night for at least another year in an effort to prevent criminals trying to blow them open to get at the cash inside, the Dutch association of banks NVB announced on Thursday. In December the banks in the Netherlands implemented the measure of closing down ATMs between 11:00 p.m. and 7:00 a.m. …

Most Dutch ATMs to be closed overnight due to explosion thefts
5 years, 3 months ago

Most Dutch ATMs to be closed overnight due to explosion thefts

NL Times  

Cash machines in the Netherlands will largely be out of service every overnight from 11 p.m. to 7 a.m., the Dutch Banking Association said on Monday. It led the bank to remove about 470 of its cash machines across the Netherlands, though officials said it was likely other banks would be attacked instead. The NVB did not say if this …

Dutch central bank concerned about decreasing use of cash
6 years, 4 months ago

Dutch central bank concerned about decreasing use of cash

NL Times  

Since May of this year, only 39 percent of transactions in the Netherlands were paid for with cash, compared to around 60 percent in 2014, according to new figures from Dutch central bank DNB and the Dutch Payments Association. A cashless society is "vulnerable", DNB cash director Coen Voormeulen said to newspaper AD. DNB wants banks, the retail sector, the …

Cash no longer king for the Dutch as electronic payments take over
6 years, 10 months ago

Cash no longer king for the Dutch as electronic payments take over

Dutch News  

The Dutch are continuing to use less and less cash when buying goods and services in the Netherlands, new figures from payment association Betaalvereniging Nederland show. In total, 41.4% of payments last year were made in cash, down from 45% a year earlier, the association said. Amsterdam’s public transport system has been cash free since earlier this year, and various …

Why are ATMs still out of service and out of cash ?
8 years, 4 months ago

Why are ATMs still out of service and out of cash ?

Live Mint  

Mumbai/Chennai/New Delhi: All major banks said their automated teller machines will be functional from Friday. In Mumbai and Delhi, most of the ATMs of banks such as State Bank of India, ICICI Bank Ltd, IDBI Bank Ltd, HDFC Bank Ltd and Canara Bank are currently not operational. After the government scrapped Rs500 and Rs1,000 notes, the banks are supposed to …

Society can't do without cash, says central bank
11 years, 9 months ago

Society can't do without cash, says central bank

Dutch News  

Debit card use is increasing steadily but cash remains the dominant form of payment in the Netherlands, according to a new report from the Dutch central bank. The volume of debit card payments at Dutch points of sale increased from €81bn in 2010 to €84bn in 2012, while cash withdrawals at ATMs dropped from €52bn to €49bn. Yet cash is …

Society can't do without cash, says central bank
11 years, 9 months ago

Society can't do without cash, says central bank

Dutch News  

Debit card use is increasing steadily but cash remains the dominant form of payment in the Netherlands, according to a new report from the Dutch central bank. The volume of debit card payments at Dutch points of sale increased from €81bn in 2010 to €84bn in 2012, while cash withdrawals at ATMs dropped from €52bn to €49bn. Yet cash is …

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