Plastic-Versus-Cash Battle Heats Up After Visa, Mastercard Deals
- Payment companies have begun to urge companies to go cashless
- With $10,000 prize, Visa has upped the ante in its war on cash
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The dollar bill, that long-time rival of credit-card giants, is under attack once again.
After years of fighting to get their cards accepted in stores, Visa Inc. and Mastercard Inc. are stepping up efforts to get merchants and consumers to move to a cashless world.