There is a strong push on the part of card companies and some merchants to eliminate cash in retail, citing reduced transaction times, crime, and worker headcount. But could cashless commerce deprive millions of unbanked customers from access to food and other goods and services? States and municipalities are starting to push back with proposals to restrict cashless commerce in New York City, New Jersey, Philadelphia and San Francisco. We’ll use this latest skirmish as a starting point for a discussion on the ongoing battle for financial inclusion. What is the current status of efforts to provide financial services to the unbanked? Will mandating the acceptance of cash help or hurt these effort?
Andy Lorentz, Partner, Davis Wright Tremaine LLP
- Matthew Homer, Consumer Data Access, Control, and Portability, Plaid
- Devina Khanna, Manager, Center for Financial Services Innovation
- Eric Noggle, Senior Director, Research, Center for Financial Inclusion at Accion
- Leon Perlman, Founder and head of the Digital Financial Services Observatory at the Columbia Institute for Tele-Information, Columbia University