Wednesday , December 4, 2024

Debit Cards

How the Wal-Mart Settlement Could Pay for PIN Pads

This spring’s settlement between the bank-owned card associations and retailers led by Wal-Mart Stores Inc. has been widely interpreted as a blow to the fortunes of so-called PIN-based debit, or debit card transactions effected by a consumer’s personal identification number rather than his signature. That’s because the settlement terms required …

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