Wal-mart Suing Visa Over Forced Signature vs Pin code

CNBC.com is reporting tonight that Wal-mart has filed suit against Visa, alleging that Visa is requiring a signature on debit PIN cards so that it can get a higher fee.

“VISA nevertheless has demanded that we allow fraud-prone signature verification for debit transactions in our U.S. stores because VISA stands to make more money processing those transactions,” Wal-Mart said.

Read the full article on CNBC.com 

 

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