Weekly Now: Associations Speak Up for Cash Payments
April 13, 2021
With COVID-19 making some businesses wary of accepting cash in favor of credit cards or contactless payments, a group of financial services associations are speaking out against the practice.
In a letter to federal officials, the Secure Cash & Transport Association (SCTA), Independent Armored Car Operators Association (IACOA), and the ATM Industry Association (ATMIA), along with the cash-in-transit company Davis Bancorp, are calling on legislators to pass a law supporting choice for financial transactions.
“Considering the challenging economic environment, issuance of EIP payments, and tightening access to credit for many, banning cash constitutes disenfranchisement based on payment choice and direct discrimination against millions of citizens,” the letter to officials states, according to a news release.
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