Tuesday, January 5, 2010

How Visa, Using Card Fees, Dominates a Market

Published: January 4, 2010

Every day, millions of Americans stand at store checkout counters and make a seemingly random decision: after swiping their debit card, they choose whether to punch in a code, or to sign their name.

It is a pointless distinction to most consumers, since the price is the same either way. But behind the scenes, billions of dollars are at stake.

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