Across the globe, countries are waging a war on cash, with the likes of Sweden and China rapidly transitioning to digital currency as a primary form of payment. While digital currency was started by payment providers and banks to increase corporate profit,
ATM machine companies in India are warning that they will have to shutter as many as half of India’s cash machines because of new regulations, reported the Financial Times. According to a report in the Financial Times, citing the Confederation of
Lawmakers in New Jersey have passed a bill to ban stores from going cashless. According to Chain Store Age, the legislation requiring all brick-and-mortar retailers to accept cash was unanimously approved by the N.J. Senate Commerce Committee. The bill, which is
New Delhi: Cash usage by people of the country went up by around 10% over the last two years starting from October 2016, a study conducted by CMS Info Systems, India’s largest cash management company, said. Cash usage recorded on the
Of the most popular coffee shops in San Francisco’s Financial District, only one is manned by a robot. Every morning, in a glass-and-wood booth on the corner of One Bush Street, customers queue around a whirring hydraulic arm, waiting for
Admission is just $5 at Farmington Civic Theater, a historic and first-run cinema in downtown Farmington. But don’t even think of pulling out a debit or credit card at the box office. Since it opened in 1940, the theater has taken payment only in actual dollars and coins.
Planning to use credit to cover your holiday expenses? Watch out. Last holiday season, plenty of Americans dug themselves into gift-giving trouble with an average debt of $1,054. And roughly half of those consumers anticipate that they’ll be paying off their balance
Sorry—plastic or mobile payments only. This is a merchant checkout counter-reply that a U.S. consumer rarely hears. As the following Bankrate article reports, there are two passionate sides to the issue of whether retailers should go cashless.