VISA Credit Card to pay restaurants to go all cashless

[Dachsie]

http://theeconomiccollapseblog.com/archives/cashless-society-alert-visa-will-be-giving-up-to-500000-to-restaurants-that-go-100-cashless



Cashless Society Alert: Visa Will Be Giving Up To $500,000 To Restaurants That Go ‘100% Cashless’

By Michael Snyder, on July 17th, 2017

http://theeconomiccollapseblog.com/wp-content/uploads/2017/07/Cashless-Society-Is-Coming-Public-Domain-460x242.jpg


"The push toward a cashless society is becoming more of a shove. Before today I had never heard of “The Visa Cashless Challenge”, but after reading about it I have to say that I am quite alarmed. Visa is trying to “encourage” businesses to go cashless, and one of the ways that they will be doing this is by “awarding up to $500,000 to 50 eligible US-based small business food service owners who commit to joining the 100% cashless quest”. The food industry is still one of the last bastions where cash is used very heavily, and so it makes sense that Visa would want to target that segment. Of course the more people that use cards to pay for meals, the more money that Visa will make.

When I go to restaurants, I almost always use cash, and I know a lot of other people that very much prefer to use cash in those situations as well. But if Visa has their way, soon all of us will be forced to use some form of digital payment instead. The following is an excerpt from the press release that Visa issued about this new “challenge”…

Today Visa (NYSE:V) announced it is launching a major effort to encourage businesses to go cashless." SNIP


And he shall make all, both little and great, rich and poor, freemen and bondmen, to have a character in their right hand, or on their foreheads.
Apocalypse 13:16

[Joshua01]

http://theeconomiccollapseblog.com/archives/cashless-society-alert-visa-will-be-giving-up-to-500000-to-restaurants-that-go-100-cashless



Cashless Society Alert: Visa Will Be Giving Up To $500,000 To Restaurants That Go ‘100% Cashless’

By Michael Snyder, on July 17th, 2017

http://theeconomiccollapseblog.com/wp-content/uploads/2017/07/Cashless-Society-Is-Coming-Public-Domain-460x242.jpg


"The push toward a cashless society is becoming more of a shove. Before today I had never heard of “The Visa Cashless Challenge”, but after reading about it I have to say that I am quite alarmed. Visa is trying to “encourage” businesses to go cashless, and one of the ways that they will be doing this is by “awarding up to $500,000 to 50 eligible US-based small business food service owners who commit to joining the 100% cashless quest”. The food industry is still one of the last bastions where cash is used very heavily, and so it makes sense that Visa would want to target that segment. Of course the more people that use cards to pay for meals, the more money that Visa will make.

When I go to restaurants, I almost always use cash, and I know a lot of other people that very much prefer to use cash in those situations as well. But if Visa has their way, soon all of us will be forced to use some form of digital payment instead. The following is an excerpt from the press release that Visa issued about this new “challenge”…

Today Visa (NYSE:V) announced it is launching a major effort to encourage businesses to go cashless." SNIP


And he shall make all, both little and great, rich and poor, freemen and bondmen, to have a character in their right hand, or on their foreheads.
Apocalypse 13:16

I guess we have a way to go to get to the big 'A' then...probably still measurable in years, but not many!

[singular_me]

the only upside of money is that it can be used to buy one's freedom from it...

[crimethink]

This shit is coming, there is no stopping it. St. John's warning is true.

All we can do is keep resisting.

[hoarder]

40 years ago, small independent restaurants were a significant portion of all restaurants. Nowadays they are probably less than 5%. Most that seem independent are actually chains or franchises, both of which live in a world of procedures and have no resistance to the will of banksters.
Restaurant owners and managers I've spoken to in the distant have told me that a large percentage of their income is cash and employee theft is why the owner must work long hours.

I don't really understand how restaurants are going to refuse cash. How would they get around legal tender laws?

[Dachsie]

"I don't really understand how restaurants are going to refuse cash. How would they get around legal tender laws? "

The whole monetary system will at some time in the future undergo a sharp, stark reset. At that point there will no longer be legal tender laws.

But for now, we are gradually being pushed out of using cash. I suspect that many of the regulars on this forum have completely or mostly moved to cash.

Visa wishes to push smaller restaurants out of business. They will pay selected ones $10,000 to move out of accepting cash. Since the restaurant business in general is going the way of car sales and most other retail businesses, these selected restaurants maybe ought to just take the money and just stay in profitable operation for their brief time left and then close up shop.

We each need to figure out in our own sphere of influence how to fight the move away from cash.

One thing I know you can do is if you have someone do work for you at your abode or on your property, get a quote in writing, and then ask for a discount for cash. Get several quotes and choose the best bid. Do not do business with illegal aliens except for small job like mowing lawn and do pay them well for that service and pay in cash.

A lot of non-chain restaurants are making it just fine now but the bulk of their income is not from food sales but is from their liquor license.

For all the precious metals bugs here, just remember that forcing cash and not having legal non-digital tender, is effectively a major control and manipulation of metal prices.

[hoarder]

The whole monetary system will at some time in the future undergo a sharp, stark reset. I've been reading this for 20 years and it hasn't happened yet. Their modus operandi is slow incremental strangulation, not sharp reset. Everything is going their way, I don't think they want to rock the boat that much.

[Joshua01]

Every restaurant gets half a million dollars huh? Let me know when that's done

[Dachsie]

I've been reading this for 20 years and it hasn't happened yet. Their modus operandi is slow incremental strangulation, not sharp reset. Everything is going their way, I don't think they want to rock the boat that much.

You certainly appear to be right and I always thank God for small favors.

There are a whole lot of things they have been saying will happen for decades that have not happened, but I think we all know what the end game is, and there is an end game.

[Dachsie]

Every restaurant gets half a million dollars huh? Let me know when that's done

Check the battery on your calculator, Josh.

$500,000 divided by "50 eligible US-based small business food service owners"

[Joshua01]

to be more precise

awarding up to $500,000 to 50 eligible US-based small business food service owners who commit to joining the 100% cashless

That statement seems like every one of those businesses are eligible for up to 500K, not 500K split up 50 ways

Check the battery on your calculator, Josh.

$500,000 divided by "50 eligible US-based small business food service owners"

[boogietillyapuke]

Child of the 50's.......cash only except online purchases.

[Dachsie]

I guess it could be interpreted that way but my interpretation seems to be more reasonable amount.

[midnight rambler]

I don't really understand how restaurants are going to refuse cash. How would they get around legal tender laws?

There is no money.


https://www.youtube.com/watch?v=ajPElu42BH4

[monty]

There is no money.


https://youtube.com/watch?v=ajPElu42BH4


If just one state legislature had the cojones to "make any Thing but gold and silver Coin a Tender in Payment of Debts;" I believe there would be a rush for more to follow.

[crimethink]

40 years ago, small independent restaurants were a significant portion of all restaurants. Nowadays they are probably less than 5%. Most that seem independent are actually chains or franchises, both of which live in a world of procedures and have no resistance to the will of banksters.
Restaurant owners and managers I've spoken to in the distant have told me that a large percentage of their income is cash and employee theft is why the owner must work long hours.

I don't really understand how restaurants are going to refuse cash. How would they get around legal tender laws?

Legal tender laws only apply to pre-existing debts. Payment before food delivery avoids that, absolutely, but, no "court" is going to enforce the opposite if the System has decided cash must be eliminated. A chain joint would simply call the police, and the cops would intimidate the customer into paying with the bankster-approved method.

A lot of restaurants, especially ethnic ones, are money laundering operations, and cash is essential.

Nonetheless, I accept St. John's vision and warning as true, and it will eventually come to pass, no matter the damage to the economy. I presume the final stage will be implemented after a nuclear or biological warfare attack, with the Goyim clamoring for "safety." Imagine if cash were the vector for the disease?

[crimethink]

I guess it could be interpreted that way but my interpretation seems to be more reasonable amount.

Your intepretation is correct:

http://abcnews.go.com/Business/wireStory/visa-small-businesses-cashless-48586656

Visa is looking to push more small businesses into updating their digital payment technology, offering up to $10,000 each to 50 U.S.-based small business owners that are committed to going cashless.

(...)

"We are declaring war on cash," said Andy Gerlt, a spokesman for Visa.

(...)

Businesses that receive the award can use the $10,000 toward upgrading their point-of-sale systems so they are completely cashless. If there is spare money left over, the business owner can use the money toward marketing or other efforts to promote their small businesses, Gerlt said.

[crimethink]

If just one state legislature had the cojones to "make any Thing but gold and silver Coin a Tender in Payment of Debts;" I believe there would be a rush for more to follow.

Entire nation-states have been annihilated for telling the Elders of Zion to fuck off like that. No US "state" is going to do it.

[midnight rambler]

Nonetheless, I accept St. John's vision and warning as true, and it will eventually come to pass

That's already here, try doing business with a 'financial institution' without government issued ID and enumeration (i.e. Socialist inSecurity).

[crimethink]

That's already here, try doing business with a 'financial institution' without government issued ID and enumeration (i.e. Socialist inSecurity).

Not exactly. We can still buy food (or ammo, and many other things) without ID or an SSN presented. Fortunately, doing business with the moneychangers is still optional (though getting increasingly difficult).

I get your point. The door of freedom from the Mark of the Beast is getting narrower and narrower each year. I generally agree with hoarder's position that it will continue to be gradual, but there is likely going to be a "rush" in the aftermath of a Gray Swan (known to "them," but unknown to us). I'm betting on nuclear or biological.

[midnight rambler]

The banks have to *buy* FRNs for their on demand accounts, and when there is an 'excessive' call for FRNs by any individual account holder they start asking questions as to *why?* the 'large' amount of withdrawals of FRNs*. This activity has nothing to do with SARs or 'structuring', just what most would call normal biz activity.

*don't ask how I know

[Dachsie]

"This activity has nothing to do with SARs or 'structuring',"

Do not know what SARs stands for

I have worked in banks before and have been a customer. I have seen customers, when being asked too many questions about their large withdrawal in cash, say to the teller "that's none of your business." But that was years ago and I just think it was a case of the teller just being kind of ignorant of what is appropriate to say to a customer.

These days, banks and credit unions just have their rules about how much you can withdraw at one time, when you have to make a withdrawal inside rather than through the drive through, and they are gradually tightening the rules to lower and lower cash amount thresholds.

A couple, in old days presented as married couple, used not to each have to give their social security number. The wife could give her info and the husband did not have to give his. Their driver's licence number and photo of one of them was also needed. Do not know what the ID requirements are now. It it is still possible for only one of the couple to submit ID info in order to open an account, that should be taken advantage of. Of course, both of them will have to be present to sign the signature card so that either can draw on the account. I could see vagueness way back then when I was opening new accounts and I could see how that vagueness presented problems wth bad accounts.

On the bigger picture banks are in big trouble. The people at the top know how close we are to collapse and they are taking somewhat drastic actions, if not also illegal actions to hold on to people's money in accounts.

People are becoming more and more aware of the big NY banksters and how they have been stealing our money, called wealth transfer strategies, for decades. But still, we need to keep some of our funds in banks to pay day to day obligations. Then we have to keep skimming off extra money and trying to find somewhere to save it but have easy access to it when it is needed to spend. It is risky and not wise to keep money in banks in savings accounts or Cert. of Deposit because the interest rate is ridiculously low and really we have been on the verge of negative interest rates. Now they are raising the rates bit by bit but it is still a joke. People / families who live off grid or semi off grid in communal compounds on large tracts of rural land are trying to beat back the system but I just wonder if they will fare any better than most of us who cannot live in that situation.

[Dachsie]

https://www.youtube.com/watch?v=KPs6kLjqyRA


Is Visa helping the Central Banks go cashless?
ITM Trading
ITM Trading
8.4K
8,272 views
Streamed live on Jul 18, 2017

How Visa is going to pay select small business to help cover the technology cost to go completely cashless and how that could affect all of us.
Flash in 5 with ITM Trading's Lynette Zang

[midnight rambler]

Do not know what SARs stands for

Suspicious activity reports. From what I gather there are two types - one from FDIC and another much more 'searchlight up your ass' form from FinCEN. These are filled out by the financial institutions without notice to the account holder once the threshold is hit. There's also the IRS Form 8300 with respect to the same sort of 'suspicious activity'.

[crimethink]

The banks have to *buy* FRNs for their on demand accounts, and when there is an 'excessive' call for FRNs by any individual account holder they start asking questions as to *why?* the 'large' amount of withdrawals of FRNs*. This activity has nothing to do with SARs or 'structuring', just what most would call normal biz activity.

*don't ask how I know

FinCEN and its anti-constitutional "regulations" are just more steps in the road to the Mark. And yes, the banksters don't like the "expenditures" of having to handle cash even below "structuring" thresholds, nor do they like encouraging people in behavior that denies them the moneychanging tribute with every transaction.

But still, we can barter with people, goods, including gold & silver, or even labor. That must all go away before St. John's vision is fully reality.

[crimethink]

A couple, in old days presented as married couple, used not to each have to give their social security number. The wife could give her info and the husband did not have to give his. Their driver's licence number and photo of one of them was also needed. Do not know what the ID requirements are now. It it is still possible for only one of the couple to submit ID info in order to open an account, that should be taken advantage of. Of course, both of them will have to be present to sign the signature card so that either can draw on the account. I could see vagueness way back then when I was opening new accounts and I could see how that vagueness presented problems wth bad accounts.

Almost all of this new TIA comes from "Know Your Customer," which is the result of the USA PATRIOT (sic) Act. If a subject has a Social Security Number (or is "supposed to" have one), the bankster is required to obtain it or deny service. Illegals aren't supposed to have one, so the bankster can accept "alternative information." Each American on the account must provide all the "required" information now. We had a lovely time back in 2012 when my Dad was sick (not cancer, as later), and wasn't up to visiting the credit union to open a new account (my parents had just moved, and their old credit union didn't have local branches). My own credit union wouldn't help them without him physically coming in. The other credit union budged, and allowed him to sign the document at home, as long as my Mom visited in person.

[crimethink]

Suspicious activity reports. From what I gather there are two types - one from FDIC and another much more 'searchlight up your ass' form from FinCEN. These are filled out by the financial institutions without notice to the account holder once the threshold is hit. There's also the IRS Form 8300 with respect to the same sort of 'suspicious activity'.

My understanding is that the SAR can be "triggered" for reasons other than exceeding the threshold ($5000), including asking about the threshold, refusing to answer questions about "suspicious" cash transactions below the threshold ("why do you need $4500 cash?"), wire transfers of any amount without ID, deposits without "documented employment" or "legitimate business," and similar.

The SAR filer has absolute immunity, even when it's false.

Anyone who thinks America is a "free country" is invited to learn about the SAR, and, if after doing so, is unable to accept America is not a "free country," they should be written off as a dangerous lunatic.


https://www.fincen.gov/sites/default/files/shared/sarnarrcompletguidfinal_112003.pdf

Examples of some common patterns of suspicious activity are:

• a lack of evidence of legitimate business activity, or any business operations at all,
undertaken by many of the parties to the transaction(s);
• unusual financial nexuses and transactions occurring among certain business types (e.g.,
food importer dealing with an auto parts exporter);
• transactions that are not commensurate with the stated business type and/or that are
unusual and unexpected in comparison with the volumes of similar businesses operating
in the same locale;
• unusually large numbers and/or volumes of wire transfers and/or repetitive wire transfer
patterns;
• unusually complex series of transactions indicative of layering activity involving multiple
accounts, banks, parties, jurisdictions;
• suspected shell entities;
• bulk cash and monetary instrument transactions;
• unusual mixed deposits of money orders, third party checks, payroll checks, etc., into a
business account;
• transactions being conducted in bursts of activities within a short period of time,
especially in previously dormant accounts;
• transactions and/or volumes of aggregate activity inconsistent with the expected purpose
of the account and expected levels and types of account activity conveyed to the financial
institution by the accountholder at the time of the account opening;
• beneficiaries maintaining accounts at foreign banks that have been subjects of previous
SAR filings;
• parties and businesses that do not meet the standards of routinely initiated due diligence
and anti-money laundering oversight programs (e.g., unregistered/unlicensed businesses);
• transactions seemingly designed to, or attempting to avoid reporting and recordkeeping
requirements; and
• correspondent accounts being utilized as “pass-through” points by foreign jurisdictions
with subsequent outgoing funds to another foreign jurisdiction.