Statement on the Payment Choice Act of 2021
July 9, 2021, Washington, D.C. – INFiN, a Financial Services Alliance, issued the following statement, attributable to executive director Ed D’Alessio, regarding the introduction of the Payment Choice Act of 2021 in the U.S. House of Representatives.
“INFiN applauds the introduction of the Payment Choice Act of 2021 and the 28 co-sponsors who have worked across party lines in support of maintaining accessible cash payment options for all U.S. consumers. By prohibiting cashless retail establishments, the Payment Choice Act would secure cash as a viable, equitable means of payment for most consumer purchases in the United States, ensuring that consumers continue to have the right to choose the manner in which they conduct their financial transactions.
Cashless policies disproportionately harm the unbanked and underbanked – notably seniors, minorities, immigrants, low-income populations, and working-class communities – a trend that has only been accelerated by the COVID-19 pandemic. To protect these consumers and empower their financial inclusion, it is critical that Congress act to preserve the freedom to use cash as a form of payment by swiftly passing the Payment Choice Act.”