Payments

The grocery industry, like all merchants, have shouldered rising costs of accepting card payments for decades. But with more Americans preferring to use cards, and as COVID-19 influenced shoppers to transact in new ways, the impact of these costs is growing. FMI is committed to solving the issues that plague the U.S. card payments system. 

Coin Circulation Issue: Making Change in Your Community 

Since the pandemic began, we have witnessed a growing concern regarding a national “coin shortage.” However, what we are really experiencing is a coin circulation problem, not a coin “shortage.” Much of the $48.5 billion in coin already in circulation is sitting dormant inside America’s 128 million households, collecting in change jars and car cup holders.

The nation’s grocers have not been immune to the challenges posed by the scarcity of coins. It is creating many hurdles for shoppers who use cash to purchase the products their families need and retail stores that need to make change at the register.

For millions of Americans, cash is the only form of payment. These neighbors are the ones being most impacted by the current coin circulation disruptions.

Help Us Mitigate the Coin Circulation Challenge

We’re asking consumers to help make change in their communities.

If you have a jar on your shelf collecting coins and dust, leave the dust at home and go spend, deposit or redeem your coins. Returning coins into circulation can make a meaningful difference in easing the flow of coins who depend on them the most.

We have created a PSA and animated infographic, below, for you to use on your social media channels and/or website. We also encourage social media posts to use the hashtag #GetCoinMoving.

Help #GetCoinMoving! When businesses can’t make change because of a lack of coins, they can’t accept cash as a form of payment. If you have a jar on your shelf collecting coins and dust, leave the dust at home and go spend, deposit or redeem your coins. 

There is $48 billion in coin already in circulation, most of which is sitting dormant in jars, piggy banks and random change receptacles throughout America’s 128 million households. Spend it, exchange it at a coin kiosk, or deposit it at a bank to #GetCoinMoving! 

Millions of Americans have no choice but to pay only in cash. These neighbors are the ones being most impacted by the current coin circulation disruptions. Help #GetCoinMoving by spending, depositing or redeeming your coins. 

The COVID-19 pandemic has significantly limited the regular circulation of coin through our economy. So crack open that piggy bank and pay with exact change or deposit your coins at a bank or coin kiosk to help #GetCoinMoving!  

President & CEO of @FMI_ORG, Leslie Sarasin, asks consumers to make change in their communities one penny at a time. Watch here: https://youtu.be/06S27sVIZrA #GetCoinMoving



Payments Leadership

Leadership

The FMI Electronic Payments System Committee is comprised of retail/wholesale company payments leaders and provides leadership, insight and expertise on an ongoing basis.

Learn More  Committee Portal