Retail

Bipartisan Senate bill would punish retailers for refusing cash payments

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Ranking member Sen. Bob Menendez, D-N.J., arrives for the Senate Foreign Relations Committee hearing on Thursday, June 20, 2019.

Bill Clark | CQ Roll Call | Getty Images

Sens. Bob Menendez, D-N.J., and Kevin Cramer, R-N.D., have introduced a bill prohibiting retailers from declining cash payments from customers, as businesses promote “contactless” digital payment as they grapple with the coronavirus pandemic

Retailers and mall owners, including Nordstrom and Simon Malls, have encouraged the use of contactless transactions such as Apple Pay to minimize the risk of spread in their stores and properties. But the senators warned that should any retailer ban cash entirely, it would be…



Source cnbc.com

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