Cashing Out–or In?

Retailers face challenges with cash acceptors at the forecourt.

Abbey Lewis, Editor in Chief, CSProducts

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Thanks to many factors—such as attractive cash prices at the pump for consumers and another avenue to PCI compliance for retailers—cash at the fuel island may be waging a comeback.

Though credit and debit cards are still the most widely used form of payment at the fuel island, last year cash use rose 3.8% to 46.8% of total  transactions (in percent of sales dollars), while card use went down 3.6% to 52.3%, according to the 2008 NACS State of the Industry Report.

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