Visa to merchants: We'll give you $10,000 if you stop taking cash

Visa plans to give $10,000 apiece to 50 small businesses to upgrade their payment technology — as long as they stop accepting cash.The Wall Street Journal reports that the $500,000 campaign is designed to start merchants on a “journey to cashless” by giving their customers a way to pay via phone or other contact-less payments such as Apple Pay.Businesses can apply to be included starting in August, Visa said.American consumers pay with cash for the majority of their transaction