New York City Mayor Michael Bloomberg is proposing a bill that would make it easier for people who use a Rapid Pay card to make money on their businesses and get reimbursed.
The proposal would allow people to pay for their bills by using their Rapid Pay account and not having to show identification.
Bloomberg’s bill would also make it much easier for individuals to earn money from their Rapid Cards.
“The goal of this legislation is to make it so that a RapidPay card is more affordable, and to make sure that people who have used a Rapid pay card can pay for basic things like food and gas and rent, and that they don’t have to show their identity to do that,” Bloomberg said in a statement.
“For the past six years, RapidPay has enabled people to make payments on an even playing field.
Now, with this legislation, we’re trying to make the playing field even more even.”
Bloomberg has said the Rapid Pay bill is meant to encourage people to shop online instead of relying on brick-and-mortar retailers.
The legislation would also expand eligibility to cover new RapidPay cards issued to people who buy food or gas at gas stations, which Bloomberg said would bring in $250 million a year in new revenue.
The bill, sponsored by Democratic Assemblyman Jim Himes, would go into effect immediately.