Credit Card Issuers Adjust
Jennifer Kingson writes for the New York Times about what banks are doing now that they're free to also participate in the American Express and Discover card networks, what American Express and Discover are doing to court them, and the potential impacts on cardholders and merchants.
As consumers migrate to cards from cash and checks, "the merchant is looking at the reality of every year paying more and more money for card payments, and it's untenable," Mr. Robertson said. "It's just going to lead to merchants going berserk."
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