Cashless stores to be banned in 2nd US state despite Amazon opposition

BEN STEVENS | February 5, 2019

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For all the latest retail technology news, make sure to visit Retail Gazette’s new publication chaRGed.com launching in the coming weeks.A second American state has moved closer to banning cashless retail stores, despite a huge push back from Amazon and Walmart.Legislators in New Jersey have passed a bill which stands to ban any businesses from refusing to accept cash, and it now only needs the signature of a state governor to become law.The bill, which was first put forward in September last year, would see violators receive a civil fine of up to $2500 for its first offence and $5000 for the second, any further offences would then be deemed as criminal. An increasing number of retailers are favouring cashless payments due to the increased efficiency and safety of transactions, meaning there is less chance of being robbed due to holding no physical cash. However, lawmakers argue that cashless stores discriminate against socioeconomic classes that do not have access to bank accounts and seniors who only use cash.

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