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New York Mandates Cash Payments for Retailers
PYMNTS·
New York Attorney General Letitia James has reminded state residents of a new law requiring all retailers to accept cash payments. This directive aims to ensure accessibility for all consumers, regardless of their payment preferences. The Attorney General's office is encouraging citizens to report any businesses found to be non-compliant with this mandate. This move underscores a growing trend of regulatory bodies intervening to maintain traditional payment options amidst the rise of digital transactions, potentially impacting the adoption of cashless systems in the state.
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PYMNTS — pymnts.com