Cash

In post-hurricane San Juan on Monday, commerce picked up ever so slightly. With a little effort, you could get the basics and sometimes more: diapers, medicine, or even a gourmet hamburger smothered in fried onions and gorgonzola cheese. But almost impossible to find was a place that accepted credit cards.

The Reserve Bank of India will continue incentivizing merchants and consumers to move away from cash following last year’s demonetization of 80% of bills in circulation, including extending terms of a cash-back promotion for merchants.

Cash is still the most popular payment method in the U.K., but contactless cards and mobile payments gained significant momentum over the past year, according to new data.

The machine is among the more commonly pitched solutions for high-risk merchants that can't normally handle payment cards because banks won’t partner with them. But for dispensaries, they can be a hassle.

The cashless ATM is meant to make it easier for legal dispensaries and other high-risk stores to accept card payments. But for Alden Linn, owner of World of Weed, it became a hassle.

In the next phase of India’s push to diminish the country’s heavy reliance on cash, the Reserve Bank of India has approved the rollout of a national electronic bill-payment system.

At least one winner has emerged from India’s crackdown on so-called black money: the country’s richest banker.

Cash and checks are still the most transparent and predictable form of payment for grocers, writes Mark Horwedel, CEO of the Merchant Advisory Group.

Despite the best efforts and significant budgets of those who seek to replace cash with more efficient digital alternatives, paper money refuses to shuffle off its mortal coil.

Visa’s core mission is to crush cash, but its latest promotion rewarding businesses with a pile of money if they stop accepting cash altogether may be too little for this goal.