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CST: 18/10/2019 04:00:43   

Statement from Brink’s CEO Doug Pertz on Importance of Cash for Retailers and Consumers

185 Days ago

RICHMOND, Va., April 15, 2019 (GLOBE NEWSWIRE) -- Doug Pertz, president and chief executive officer of The Brink’s Company (NYSE:BCO), issued the following statement today in response to recent and ongoing media coverage related to the use of cash by U.S. retailers and consumers:

“We are pleased to see media coverage of Amazon's decision to accept cash at its Go stores, and we urge other retailers that are considering banning cash from their stores to follow Amazon’s lead.  Retailers that ban cash are potentially excluding approximately 25% of people in the U.S. who are either totally ‘unbanked’ or ‘underbanked’, with little or no access to other payment methods.  Instead of excluding people, retailers throughout the nation should be making it easier for everyone to participate in our economy.

“All consumers should have the freedom to choose from the full array of payment options, including cash, which accounts for 30% of U.S. consumer transactions, more than any other payment method.  Let’s live by what’s inscribed on each and every U.S. banknote: ‘This note is legal tender for all debts, public and private.’ ”     

About Brink’s
The Brink’s Company (NYSE:BCO) is the global leader in total cash management, route-based secure logistics and payment solutions including cash-in-transit, ATM services, cash management services (including vault outsourcing, money processing and intelligent safe services), and international transportation of valuables. Our customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations.  Our global network of operations in 41 countries serves customers in more than 100 countries. For more information, please visit our website at www.brinks.com  or call 804-289-9709.

Contact:                                                                                                                             
Investor Relations and Corporate Communications
804.289.9709

 

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