Retailers in Illinois Will Be Required to Accept Cash
Cash may be losing ground to digital payments, but Illinois is betting it still deserves a place at the checkout counter. The state has passed the Retail Cash Payment Act, requiring businesses to accept cash for retail transactions under $500 and prohibiting them from posting signs stating they don’t accept cash. The measure is the […]
India Considers UPI Merchant Fees Akin to the Card Payments Model
The United Payment Interface (UPI) has been the archetype for real-time payments systems, but it could soon take a page out of the card payments playbook: merchant fees. UPI has become the preferred payment method in India by offering instant, phone-based payments for consumers and fee-free transactions for merchants. However, some industry observers argue that […]
Why Payment Choice Still Matters in a Digital-First Economy
Digital payments continue to shift how Americans pay for goods and services. Mobile wallets, contactless cards, peer-to-peer payment platforms, and real-time payment networks are becoming increasingly embedded in everyday commerce. As these technologies gain traction, some retailers have moved toward cashless operations, viewing digital payments as a more efficient way to conduct transactions. At the […]