May 11, 2016Blog Posts

Walmart sues Visa over chip debit card rules


Walmart is suing Visa because it wants to require customers using new debit cards to enter a PIN when making a purchase. The retailer charges in the suit that Visa’s policy to allow people to enter signatures at the register leads to more fraud. It also argues that the strategy is a bid by the payment processor to grab higher fees on debit purchases.


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