the latest news;
I'm not much of a debit card user but watch your purchases, if you are. Visa and M/C have entered the debit card market and have done it through the back door. They've sent 'upgrades to their charge card merchantclients to upgrade their card readers and in the upgrades were also programs to allow the use of their new Debit cards and these cards are given priority in the menus.
Many merchants have complained to various controlling bodies and Visa and MC have relented and have said they could opt out but at a cost of a$10,000 service charge.
Visa and MC are trying to muscle into a very lucrative business. The merchant are afraid now that their fees are going to go silly, up and down until Visa And MC finally wear down Interac.
Visa and MC may have already sent you or will send you their own debit cards and thus trying tosqueeze out Interac. They're not new credit cards, they are dedicated debit cards.
They're just trying to pull a version of the shell game and for those of you who have a bunch of cards, watch it.
I'm not much of a debit card user but watch your purchases, if you are. Visa and M/C have entered the debit card market and have done it through the back door. They've sent 'upgrades to their charge card merchantclients to upgrade their card readers and in the upgrades were also programs to allow the use of their new Debit cards and these cards are given priority in the menus.
Many merchants have complained to various controlling bodies and Visa and MC have relented and have said they could opt out but at a cost of a$10,000 service charge.
Visa and MC are trying to muscle into a very lucrative business. The merchant are afraid now that their fees are going to go silly, up and down until Visa And MC finally wear down Interac.
Visa and MC may have already sent you or will send you their own debit cards and thus trying tosqueeze out Interac. They're not new credit cards, they are dedicated debit cards.
They're just trying to pull a version of the shell game and for those of you who have a bunch of cards, watch it.