ALLENDALE, Mich. (AP) - Cash is losing its luster at Grand Valley State University.
The school in western Michigan is gradually converting to a cashless campus, a process that should be completed by December.
For example, instead of dispensing money, ATMs will accept cash in exchange for a credit card, free of charge, WOOD-TV reported.
“We wanted to provide a convenient, no-cost solution for those who don’t use banks,” said Greg Sanial, vice president for finance at GVSU.
More than 80% of transactions on campus already are digital. Sanial said skipping cash reduces security risks and has health-and-safety benefits.
“Campus dining has already transitioned to all digital payment transactions in response to the pandemic,” Sanial said. “The number of cash transactions on campus has continued to decline markedly over the past few years.”
Credit card terminals will be upgraded to accept several payment options, including Google Pay, Apple Pay and Tap-and-Go.
GVSU has 18,000 undergraduate students.
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