Payments News

ATM Association Weighs In On Cashless Retail Ban

Mar 04, 2019

Much has been made of the coming of the cashless society.

Amazon, of course, stands out as a marquee name in the move to make the retail experience wholly digital commerce.

But not all agree that banning paper notes and coins from commerce is the way to go — perhaps setting up regulatory skirmishes that will be fought at the state and local level.

As had been reported late last month, in New York City, the city council held a hearing centered on a bill that would ban stores and restaurants from being able to refuse to accept cash. A similar ban has already passed in New Jersey and similar legislation has been backed by legislators in Philadelphia and signed into law this past week.

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