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Senate passes Common Cents bill to phase out the penny

Original: Senate passes Common Cents bill The measure to provide merchants a cash rounding framework, and to formally phase out th

The US Senate has passed the Common Cents bill, which establishes a cash rounding framework for merchants and formally phases out the penny. The measure now heads to the White House, where it awaits action by President Trump. Observers in banking and payments circles are watching how retailers will adapt pricing to cash rounding without the one-cent coin.

Why now: The bill would end penny production, changing everyday cash transactions and merchant pricing practices.

US SenateCommon Cents billWhite HouseUS merchants

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• Senate passes Common Cents bill The measure to provide merchants a cash rounding framework, and to formally phase out the penny, now heads to the White House. https://www. paymentsdive.com/news/senate-p asses-common-cents-bill/831629/ # FinTech # FinServ # Banking # Payments #… · AlexJimenez@mas.to · 1

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