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ReadersSpeak

Organization had concluded cash
was transmitting coronavirus. WHO
refuted this, stating, "We were mis-
represented. ... WHO did NOT say
banknotes would transmit COVID-
Is cash the villain? 19, nor have we issued any warnings
or statements about this. We were
n a recent blog post, Bernard Foot, Strategy Analyst at Payment HSM asked if we thought banknotes could
service provider MYHSM, aimed to resolve confusion about whether transmit COVID-19 and we said you
the use of cash is contributing to the spread of COVID-19. Foot noted should wash your hands after han-
I that initial confusion spread when many believed the World Health dling money, especially if handling
or eating food. [Doing so is] good
hygiene practice."

Observing that this remained a hot
topic on LinkedIn, Foot delved fur-
ther into it, asking does cash spread
We believe COVID 19, and does the use of plas-
tic, especially contactless, have a
positive role to play? "Perhaps, but it
in your is likely to only be a marginal ben-
efit," Foot wrote. "The value of trans-
actions you can make is limited. Al-
though, while I have been writing
success. these notes the per-transaction limit
in the UK has been raised to £45,
with the implication that the UK au-
thorities see a health benefit in mov-
Maverick is committed to developing the best ing from cash to contactless.
technology with agents and partners in mind.
Unlike others, our technology was built from scratch. However, you can make only a
handful of contactless transactions
A true full-service provider with proprietary before having to enter your PIN,
technology to power agents with end-to-end tools. which means handling a terminal
Family owned/operated providing the dexterity that hundreds of other people will
needed to make you successful. have touched during the day. ... But
the reality is that you do not catch
Backed by our 20+ years of experience. the virus by getting it on your skin
– and you've got to assume that it
• All operations handled • Frictionless merchant will get onto your skin somehow.
in-house onboarding & digital The key thing is to prevent it get-
• Aggressive buy-rates application with simple
and transparent sign with your cursor ting from your hands to either your
revenue sharing • Branding options to mouth, nose, or eyes by following
• High-risk merchants white label the entire the publicized hygiene actions."
accepted & multiple experience
sponsor banks • Proprietary payment The safest option? Online transac-
• White-glove 24/7/365 gateway tions, according to Foot. To read the
support • Cash discount & full blog post, visit https://myhsm.
• Quick merchant funding surcharge programs com/is-cash-the-villain/.
(next & same-day and instant • Terminal placement & COVID-19 and you
settlement coming soon) bonus options
As advocates seeking to empower
The future is and connect payments professionals,
we'd like to know how this pandemic
is affecting you and your business,
and how you're adapting. Please
email us at greensheet@greensheet.
Learn more at www.maverickpayments.com
800.464.9777 com; share your latest news, too, at
press@greensheet.com.
Maverick™ is a registered trademark of Maverick BankCard, Inc. Maverick is a registered ISO of Avidia Bank, Hudson, MA;
Esquire Bank NA, Jericho, NY; Mission Valley Bank, Sun Valley, CA. Copyright © 2000-2020. All rights reserved.
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