Cash is a survivor. Cash will likely outlive us all. Sure, among many consumers (including younger people), dollar bills, C-notes and the like stand almost as relics — to these consumers, cash is a retro payment tool at best, and a dirty, logistically costly waste...
America’s most profitable export is cold hard cash — especially $100 bills. In an op-ed titled “America’s Most Powerful Export: Money,” Binyamin Appelbaum explained that last year the U.S. exported $65.3 billion of its currency, with most being $100 bills. “The world needs an international...
With a move toward cashless societies growing around the world, new legislation in the U.S. could force retailers and restaurants in a number of states to accept cash as a payment method. According to a report in The New York Times citing legislation being worked on...
New Jersey is one step closer to making it illegal to run a cashless store in the state. With overwhelming support, state legislators passed a bill that will ban cashless stores. If Gov. Phil Murphy signs it into law, New Jersey will become the second...
With mobile payments in China booming, cash is going away — despite efforts by the Central Bank to go after merchants who won’t accept cash. The Financial Times reported that the booming digital payments market in China is also happening despite efforts on the part...
As the U.K. moves to a more cashless society, the country’s Access to Cash Review report cautioned that groups of people will be left behind in the movement. According to the report, as it stands, cash is still a necessity for about 25 million people...
In November 2016, the Indian government issued a ban on the nation’s higher-denomination 500- and 1000-rupee notes, essentially deeming 86 percent of its currency invalid. The move came as a surprise, and left no small amount of chaos — with bank runs and big losses...
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 ATM Industry (CATMi), the...
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 set to go before...
