COVID Legislation TREND: Cashless. Touch limited Transactions.

Where: Congress.

What: House Financial Services Committee’s Task Force on Financial Technology proposed legislation that any swipe, dip or tap transaction at a merchant point-of-sale terminal would not trigger a signature

Who: Bank of International Settlements

What did the Bank of International Settlements do? fueled concerns that the coronavirus could be transmitted by handling cash

 Financial Services Committee’s top Republican, Rep. Patrick T. McHenry of North Carolina said, ““We need to take a 21st century approach to combating the impacts of a public health crisis in our modern world.”

Countries making move to contactless payments: Austria, Germany, Hungary, Ireland, the Netherlands, the United Kingdom

CQ Roll Call via Governing | The Future of Cash Transactions in Question Amid COVID-19