I didn't manage to fit this one into an earlier issue, but here's a March 7, 2019 Wall Street Journal story about one city's backlash
against the cashless onslaught. -Editor
Philadelphia is the first major U.S. city to ban cashless stores, placing it at the forefront of a debate that pits retail innovation against
lawmakers trying to protect all citizens' access to the marketplace.
Starting in July, Philadelphia's new law will require most retail stores to accept cash. A New York City councilman is pushing similar legislation there,
and New Jersey's legislature recently passed a bill banning cashless stores statewide. A spokesman for New Jersey Gov. Phil Murphy, a Democrat, declined to
comment on whether he would sign it. Massachusetts has gone the farthest on the issue and is the only state that requires retailers to accept cash.
The measures seek to blunt a nascent trend that could rapidly accelerate thanks to Amazon.com Inc.'s power to shape nationwide retail trends. They represent
an attempt to strike a balance between equity for lower-income consumers and merchants' eagerness to embrace technological advances.
Businesses that have gone cashless point to greater efficiency for employees, who don't have to make change or count cash at closing time, and improved
safety because workers don't have to carry large bank deposits.
But backers of measures forcing stores to accept cash say they worry about people who don't have credit or debit cards. Supporters also say some consumers
prefer to pay with currency for privacy reasons.
To read the complete article (subscription required), see:
Philadelphia Is First U.S. City to Ban Cashless
Wayne Homren, Editor
The Numismatic Bibliomania Society is a non-profit organization
promoting numismatic literature. See our web site at coinbooks.org.
To submit items for publication in The E-Sylum, write to the Editor
at this address: email@example.com
To subscribe go to: https://my.binhost.com/lists/listinfo/esylum
Copyright © 1998 - 2012 The Numismatic Bibliomania Society (NBS)
All Rights Reserved.
NBS Home Page
Contact the NBS webmaster