Symptom
The Royal Canadian Mint (the Mint) will cease distribution of pennies
to financial institutions effective fall 2012. The cent will continue
to be Canada#s smallest unit of currency for pricing goods and
services, and pennies may continue to be used in cash transactions to
make exact payment or change after the fall of 2012.
Where pennies are not available, cash transactions should generally be
rounded up or down to the nearest five-cent increment in a fair and
transparent manner, after calculation of Goods and Services Tax
(GST)/Harmonized Sales Tax (HST), where applicable.
Non-cash payments, such as cheques, credit cards and debit cards, will
continue to be settled to the nearest cent.
After the Mint ceases distribution in the fall of 2012, businesses will
be asked to return pennies through their financial institutions to the
Mint for melting and recycling of the metal content. The Government
will work closely with financial institutions to coordinate this penny
redemption program. Charities are welcome to take advantage of the
penny#s withdrawal to increase their fundraising through penny drives
Is it possible to configure cash transactions to round up or down to
the nearest 5 cent increment? And continue to settle credit cards and
debit cards to the penny?
When countries, such as Canada, cease distribution of pennies to financial institutions (in Canada, effective fall 2012), POS customers are not certain of how to configure cash transactions to round up or down to the nearest 5 cent increment while continuing to settle credit cards and debit cards to the penny.
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Environment
SAP Point of Sale - All versions
Product
SAP Point-of-Sale 1.0 ; SAP Point-of-Sale 2.0 ; SAP Point-of-Sale 2.1 ; SAP Point-of-Sale 2.3 ; SAP Point-of-Sale all versions
Keywords
USA, exchange, adding, subtracting, business requirement, policy , KBA , IS-R-TGM-POS , Transactionware GM-POS , How To
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