Executives of Wal-Mart Stores Inc and McDonald's Corp say new U.S. rules limiting debit card processing fees will not cut their costs as much as they hoped, and could actually boost their expenses.
...McDonald's and other U.S. retailers that rely on a high volume of small dollar transactions could see an increase in their debit card processing costs, because prior debit costs for smaller purchases had lower fees
...for smaller, everyday purchases, executives said those costs will likely lead to price increases for consumers.
So. Mommy Gummint screws you, again.
HT: Enterprise Blog
1 comment:
Gee, whoda seen this coming.....
Sigh.
Post a Comment