NEW JERSEY BANS CASHLESS STORES

On Monday, New Jersey Governor Phil Murphy signed a bill banning cashless retail stores and restaurants in the Garden State. Murphy's signature makes New Jersey the second state in the US to ban cashless stores, after Massachusetts banned them in 1978.

More recently, New Jersey's move follows that of Philadelphia, which banned cashless stores earlier this month. Philadelphia's legislation was a reaction to a growing number of stores that only accept credit cards or require customers to pay with an app, like Amazon's new Amazon Go stores.

Much like Philadelphia's new law, New Jersey's law makes an exception for parking garages and car rental companies, where a credit card is required upfront for incidentals. There is also an exception carved out for some airport stores, according to NJ.com.

Proponents of cashless stores say that they prevent theft, speed up customer convenience, and are generally more modern. Opponents say that cashless stores unfairly disadvantage people who don't or can't have credit cards and who don't want the fees associated with prepaid debit cards.

To read the complete article, see:
New Jersey becomes second state to ban cashless shops and restaurants (https://arstechnica.com/tech-policy/2019/03/new-jersey-becomes-second-state-to-ban-cashless-shops-and-restaurants/)

To read the earlier E-Sylum article, see:
PHILADELPHIA BANS CASHLESS STORES (https://www.coinbooks.org/v22/esylum_v22n11a31.html)

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