As more restaurants go cashless, a backlash is building, especially in the nation’s capital, where an increasing number of fast-casual eateries are only accepting credit or debit cards and mobile payments, the Washington Post reports. The realization that cash plays an important part in business, the economy and society as a whole is increasingly taking hold of the cashless narrative. The choice to pay by cash is made for many reasons: privacy, convenience and sometimes, for the most vulnerable members of society in particular - need. Maintaining choice seems to be good for all.
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It would be easy to assume that the headlong rush towards electronic payment systems might signal the death of cash. However, the case for cash has an equally compelling narrative.... it would be folly to ignore the human element. To fulfil consumers’ expectations, all forms of payment will more than likely have to be accommodated, at least for the foreseeable future. Read the full article by Gordon McKie
Despite the continued predicted demise of cash, "Cash is still very much alive and kicking' - according to Victoria Cleland, the Bank of England's chief cashier...read more
Interesting article from Bloomberg on the continued strong use of cash in Europe's largest economy. Read more...
Two new, exciting alliances have been announced by global cash-management solutions provider, Cashmaster, which see the company widen it's cash-management solutions offer to retailers.