A backlash may have killed the cashless store, but retailers are still betting on futuristic payments innovations
Alex Bau, the director of data and policy analysis of the cash product office of the Federal Reserve System, spoke to Business Insider about the cashless trend.
On the flip side, the note found that cashless businesses promoted outright financial exclusion, made life more difficult for consumers with a preference for cash, and were tied to retailers racking up credit card fees.from the Congressional Research Service added that cash provides financial safety and a guaranteed protection of privacy for those unwilling to establish bank accounts.
Foto: Electronic payment systems are on the rise, but don’t expect cash to disappear anytime soon.sourceCrystal Cox/Business Insider Given the legislative backlash and the mixed results offered up by going cashless, it would appear that retailers are at a fork in the road when it comes to payment methods. But that doesn’t mean that cashless technology is about to be dumped.
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