. . . by - who else? - credit card companies, who stand to make enormous sums of money if the tactic succeeds.
Just four months after the Supreme Court ruled that small businesses had the right to advertise lower prices for customers who pay cash, Visa is hawking a “cashless society” contest that gives small businesses $10,000 — if they stop accepting paper altogether.
Visa, like all card companies, likes the idea of a cashless society because it gets a cut from a business every time a customer swipes.
There's more at the link.
A cashless society may be a great idea for Visa or Mastercard, but it's a lousy one for the rest of us. What happens when the card payment network goes down? We saw an inkling of it when the EBT network was disrupted, a few years ago. Another example was the evacuation from Hurricane Katrina in 2005, which saw electronic communications with many banks disrupted for weeks, and refugees finding their cards and checks refused by shops outside the disaster area (see point 11 in the first post here). Without cash, anyone in those or similar positions would be S.O.L.
What's more, I (and many others) very strongly recommend keeping at least a month's spending money in cash, at home, in case of emergency. It's not just a matter of 'bugging out' from natural or other disaster; if you find your bank account frozen because of your bank closing its doors (temporarily or permanently), or being investigated by the IRS or SEC, or whatever, you'll still need to buy essentials. Cash remains king under such circumstances. I've got no intention of allowing Visa to stop me spending it - and any business refusing cash can do without my consumer dollars, thank you very much.