Visa & Wal Mart
They just announced that on July 18, Wal Mart Canada will phase in non acceptance of Visa! Guess they were squabbling about the merchant fee.
Forum Discussion
joe b. wrote:
Wal Mart has filed a law suit against Visa over the new chipped cards which transfer most of the fraud cost back to the merchants. Visa doesn't require a pin on the new chip cards I have and if I lost one and someone used it at Wal Mart, Wal Mart would be the one to eat the cost of what was purchased. With the old non-chipped cards, the fraud charges got fed back to Visa as I understand the law suit. I have read that most countries other than the US and Canada, a pin number is required to use the chipped cards.
Well, if I was Walmart, and that was the deal, I'd not accept them either. How the heck would Walmart be able to know the card was stolen, or lost and found.
Mike
