American Banker: Visa (Tony McEwen) says let the customer choose

Visa believes that the merchants should have to keep their agreement to honor all Visa cards. Our “honor all cards” commitment enables Visa members to provide consumers with all kinds of payment options: Visa cards that are linked to lines of credit, Visa cards that contribute money to charities, Visa cards that provide airline miles, and, of course, Visa cards that are linked to checking accounts. With this lawsuit the merchants, led by Wal-Mart, want to eliminate this choice and limit consumers to one kind of Visa card.

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