As pennies vanish from the American landscape, many businesses are clamoring for federal guidance on how to handle cash transactions in a penniless world. Should retailers round up or down? Should ...

More fast-food, convenience, and travel stop chains are rounding cash totals to the nearest nickel when pennies aren’t available Big retailers and grocers are doing it too, often rounding in the ...

ShopRite is rounding cash transactions to the nearest nickel due to a national penny shortage. The policy applies only to cash payments where the customer does not have exact change. This change ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The US Treasury recently confirmed that it has minted its last ...

Since the U.S. stopped minting pennies last month, businesses have had to adapt to the resulting shortage, particularly for prices that don’t end in a “0” or “5.” Many, including restaurants, have ...

Casey's General Stores will round cash transactions down to the nearest nickel for customers without exact change. Other major retailers also are implementing rounding policies for cash payments after ...

Companies like Home Depot are addressing the penny shortage by rounding on cash transactions, and some customers refuse to get short-changed. The U.S. Treasury minted the last batch of pennies in ...

On paper, that looks fair — some totals go up, some go down, and everything would balance out over time. But real-world prices don’t land evenly across those digits. In 2023, the Federal Reserve asked ...

The MetroHealth System must face claims alleging it illegally rounded workers’ hours, a judge ruled Nov. 24 (Bowman v. MetroHealth). A medical practice assistant alleged in the proposed class-action ...

Two weeks ago, the U.S. Mint produced its last penny, following a four-year rise in the cost to produce the coin. While the penny is still in circulation, the production ending has led some local ...

Some McDonald’s locations have begun rounding cash totals to the nearest five cents due to a growing shortage of pennies, according to signage displayed in stores. The policy arrives just as the ...