Visa awarding businesses that commit to going cashless

FILE - In this March 19, 2012 file photo, a sign for Visa is shown in New York. (AP Photo/Mark Lennihan, File)

FOSTER CITY, Calif. (WIVB) — Visa is declaring a war on cash. It’s awarding 50 small U.S. businesses $10,000 each to commit to going cashless.

The program will first focus on fast food establishments and restaurants before likely expanding into other industries.

The number of non-cash payments increased at an annual rate of 5.3 percent from 2012 to 2015.

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