Visa USA's Sheedy: Beware At The Pump
Visa USA Executive Vice President William M. Sheedy pens an op-ed column for the Washigton Times on "litigious merchants", particularly those in the fuel industry advocating new economics for payment card acceptance.
The current market-based electronic-payments system works. It has led to the development of innovative products and services that benefit customers and merchants alike. Undermining that system with price controls and check-out fees would put that all at risk. That is not in anybody's best interest. And that's not spin -- it's just common sense.
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