Cash causes so many problems for universities and other educational establishments. It’s a headache to distribute and account for with huge opportunity for fraud. It’s also a turn-off for many young people who view cash as an outdated inconvenience. In fact, increasing numbers of young people prefer not to use cash at all. Research shows that today’s teenagers are four-times less likely to use cash than the general public and use cash for just 6% of their payments, according to debit-card company Current.
B4B Payments has extended its relationship with the Greater London Authority (GLA) and Team London to provide prepaid cards for its London Ambassador Programme.