Re:Paper Money Diehards Refuse to Fold
by greyface- on Monday May 29, 2023 @03:11PM
(#36116958)
Modern ATM bill acceptors have sensors that can read serial numbers off of bills. I don't know whether it's been publicly stated that this occurs (and don't have any relevant personal knowledge, either), but the capability exists in the field.
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I'm not sure if I'd be surprised either way. Either they don't track bills because it costs too much money, or they do track bills because they've found a way to monetize the data.
I scarcely use ATMs at this point because they won't hand out "large" bills. Inflation will be the real driver of cashless adoption, as the absurd number of $20 bills (and eventually, $100 bills) you need to pay for anything these days makes using cash too difficult for the average person.