Retailers across the country are adjusting to the U.S. Treasury's decision to phase out penny production.Now, two Ohio lawmakers are aiming to make it a requirement for payments to be rounded.State ...
Learn to love your coins. That’s the message from Kevin McColly, CEO of Coinstar, the company behind those coin-cashing machines you see in supermarkets. American consumers made only 16% of their ...
A new state law erases the need for pennies in cash transactions, and businesses are being told to round down to the nearest ...
The U.S. Treasury has stopped producing new pennies, ending more than two centuries of minting the one-cent coin. Officials say the move comes as production costs climbed to about 3.69 cents per penny ...
Learn to love your coins. That’s the message from Kevin McColly, CEO of Coinstar, the company behind those coin-cashing machines you see in supermarkets. American consumers made only 16% of their ...
The penny has died. At the age of 232, the iconic coin’s final batch was minted in Philadelphia on Wednesday. But while the ...
The era of new pennies is officially over. Without a cash-rounding strategy, community banks are forced to figure out policies on their own.
President Trump wants to end production of the penny It takes about 3.7 cents to produce and distribute one penny A 233-year run could be over. President Donald Trump announced Sunday that he is ...
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Goodbye, pennies. Ohio legislators want Ohio to round cash paymentsIf a bill introduced by two Ohio legislators passes, businesses could round cash payment amounts to the nearest nickel and eliminate pennies.
With penny minting ended, Arizona lawmakers will send a bipartisan bill to Gov. Katie Hobbs supporting a new rounding system for cash transactions.
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