Thursday, July 21, 2005

Chief of Card Processor Fires Back at Visa

The CEO of CardSystems has fired back at Visa after the credit card company announced that it was instructing its member banks not to use CardSystems to process visa transactions. John M. Perry said that the decision effectively puts them out of business and that the penalty has not been invoked before: Chief of Card Processor Fires Back at Visa - New York Times.

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