New Jersey lawmakers have passed a bill to prevent brick-and-mortar retailers from going cashless. Some entities would be exempt, such as retailers inside airports, car rental companies, and certain parking facilities, reports St. Louis Post-Dispatch.
Advocates for cashless stores say they can improve efficiency and reduce the risk of robbery, but opponents argue cashless businesses effectively discriminate against poor customers who don't have access to credit or bank accounts, and seniors who aren't comfortable paying with plastic or digital devices.
Under the bill, businesses could receive a $2,500 fine for a first offense and $5,000 for a second violation. Subsequent offenses would be considered unlawful under the consumer fraud act, which can levy penalties of up to $20,000. Full Story
Related: Is Cash Still King Among Consumers?; NYC Council Member Aims to Rid City of Cashless Restaurants.
from Foodservice http://bit.ly/2HSr9US
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