More businesses are trying to go cashless by installing reverse ATMs that dispense stored-value cards in exchange for cash.
Airports, hotels, college campuses, cinemas, zoos, restaurants and retail shops are installing reverse ATMs.
The machines have to be fast and easy to use, particularly at movie theaters, ballgames and other places where people go for a defined period of time. "If I tell you your cash is no longer good and you have to go to the machine and convert it to cards, the experience has to be good," Beg tells Axios. "In the two-hour window you have to watch a game, you have added a few minutes."A reverse ATM from Wavetec starts at $6,000 — plus extra for servicing the machine, which includes removing the cash and replenishing the cards.
As things progress, "it might not be a physical card" that you receive at a reverse ATM, Beg says. "You can have a virtual card on your smartphone."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Cards Of Pokémon TCG: Crown Zenith Part 29: Reverse Holo EnergyPacks of PokemonTCG's latest special set CrownZenith can include three different versions of an Energy card: standard, Reverse Holo, or textured. Pokemon
Read more »
Virginia school district to let students carry Narcan to reverse drug overdosesThe Arlington County public school system in northern Virginia is ready to move forward with allowing students to carry overdose-reversing drug Narcan to school with them.
Read more »
Smith: NFL's gambling suspensions show a new reality for sportsAs the NFL and other leagues have growing relationships with sports betting, keeping the...
Read more »
Serbia organises friendship cycling race with Türkiye for quake victimsThe Turkish-Serbian Friendship Cup, which has been a tradition in the Serbian capital Belgrade since 2018, was held for people affected by the devastating earthquakes that struck Türkiye in February
Read more »
Michael Phelps Loses His Shirt While Partying with Diplo in VegasMichael Phelps ran into a few famous sports figures while raging in Vegas with Diplo.
Read more »
New bill aims to fight racism in high school sports statewideThe idea for this bill came from at least two local racist incidents in San Diego County. Assemblywoman Dr. Akilah Weber filed the legislation.
Read more »