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The Latest Breaking News from Armaguard

Future of cash secured for now as banks and retailers bail out Armaguard

A deal reached between Armaguard, the banks, and Australia’s largest retailers securing the cash-in-transit service’s future, is good news, for now, for those Australians who still use cash.

The Conversation

Cash still king as big business bails out Armaguard

Some of Australia's biggest companies have put their money where their mouth is by stepping in to save cash carrier Armaguard in a $50 million deal.

AAP

Cash delivery not part and parcel of Australia Post

The head of Australia Post has ruled out the corporation stepping in to replace companies delivering currency to businesses following a decline in cash usage.

AAP

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The demise of daily letters, 3G and cash – are governments leaving us old (and young) fogeys behind?

Technology evolves and consumer preferences change – but governments and industry have a duty to plan for the big shifts

The Guardian - AU

Cash crunch talks as money mover Armaguard digs in

A consortium of banks, supermarkets and government departments have been permitted to begin discussing measures in case cash transporter Armaguard collapses.

AAP

Armaguard seeks new talks after $26m deal rejected

Armaguard is still keen to negotiate a cash injection from some of the nation's biggest banks and retailers after rejecting a $26 million deal.

AAP

Afternoon Update: Coles cuts cash withdrawals; Esther House survivors share stories; and can millennials unscrew themselves?

Potential collapse of physical money courier Armaguard sees supermarket reduce withdrawal limits

The Guardian - AU

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Armaguard rejects deal, Coles resumes cash deliveries

Lindsay Fox's Linfox will pump millions of dollars into Armaguard, after concerns about the currency delivery business prompted Coles to pause cash orders.

AAP

Will we ever even get the AUKUS subs?

Malcolm Turnbull says it’s unlikely we will ever see the AUKUS submarines, state premiers backtrack on a new disability system, and big companies rush to prop up cash service Armaguard.

Crikey

We're cashing out. The consequences are real for us all

Australia is cashing out. And the consequences are real.

Newcastle Herald

‘My whole world revolves around cash’: why some Australians fear being left behind by a cashless future

With more transactions taking place digitally, cash transit companies warn of reduced services – which experts say risks isolating those who rely on notes and coins

The Guardian - AU

Westpac Group expands fee-free ATM network amid mass retreat

Westpac Group is expanding its fee-free ATM network to almost 7000 locations as banks continue to pull away from physical branches.

The New Daily

Armaguard $2.3m heist mastermind loses appeal

The mastermind of the 1994 Armaguard $2.3 million heist, Pasquale Lanciana, has had his appeal against conviction and sentence denied.

AAP

Armaguard $2.3m heist mastermind launches appeal bid

A Victorian man is appealing his conviction and 14-year sentence for planning a notorious robbery where $2.3 million was stolen from an armed van in 1994.

AAP

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