University Of Washington Cafeteria Eliminates Cash To Prevent Theft

A cafeteria on the University of Washington campus in Seattle no longer accepts cash payments, according to KOMO-TV in Seattle, Wash. For the full story, click here.

Editor’s Insight: It didn’t take long for this university foodservice operation to remove cash from the environment after realizing that only 3 percent of the students were paying with cash. When the school discovered $4,000 in cash missing in one week, it wasn’t a hard decision to make.

This isn’t the first school to remove cash from the cafeteria; many secondary schools have done so after introducing point of sale tracking systems that allow students to pay with payment cards or with biometric identification.

As mobile wallet and prepaid cashless systems evolve, it is only a matter of time before cash payment becomes an anomaly. 04-09-12 By Elliot Maras