Fans attending the London Olympics football match between Team GB and the United Arab Emirates (UAE) at Wembley Stadium found that they could only purchase food and drink for cash after their card payments were rejected. Spectators were told that they could not make Visa payments, the sole credit or debit cards permitted because of its status as an official partner of the Olympics, when the card payment system at the venue crashed. The Visa POS system also stopped working in the Olympic Park.
Such failures in non-cash systems can only reinforce consumers' perception that cash is king and will always be needed. Remove the cash option at your point of sale at your peril.
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