Quote:
Originally Posted by tubemonkey
From the article:
So who's going to absorb this extra fee -- credit card companies? merchants? customers?
|
Ultimately, the customer, always. But the merchants get blamed for the increase in prices, so they have an interest, as well.
The system they're working on themselves is QR Code based, which has never been well received. Time will tell, but neither system inspires me with confidence.
It will also be interesting to see how these system interact with the requirement that all cards be smart cards that's coming up.