All articles tagged with #rounding
Originally Published 15 days ago — by Hays Post
As pennies are phased out in the U.S., states are considering or implementing policies for rounding cash transactions to the nearest five cents, raising legal and consumer protection questions, with some advocating for federal guidance to ensure fairness and consistency.
Originally Published 2 months ago — by ABC News
McDonald's is updating its cash payment system in response to the U.S. Treasury's discontinuation of pennies, implementing rounding to the nearest 5 cents for cash transactions at some locations, while card payments remain unaffected.
Originally Published 7 months ago — by Newser
The US plans to stop minting pennies by 2026, but existing coins will remain legal tender for years, leading to a gradual transition where cash transactions are rounded to the nearest nickel, especially in cash-heavy retail settings, while electronic payments remain unaffected.