Monday, July 22, 2019
View ShowroomThe ATM Industry Association trade group also has gone on record against the bills. “This proposed action would have the opposite effect of ‘protecting’ consumers—it would harm a significant portion of them,” a letter from Sioux Falls, S.D.-based ATMIA says.
The letter notes that cash remains highly popular for many types of purchases. “The real driver of these new efforts to ban cashless retail establishments is potential disenfranchisement of poor, unbanked, and underbanked consumers,” ATMIA said. “This segment represents about 27% of the U.S. population, which is disproportionately black and Hispanic, and very dependent on cash.” Read the full article . . .