Quote:
Originally Posted by taustin
That is not actually clear. I've seen claims that it gets processed as a "card not present" transaction, which is not the same old processing feels they've always paid when the customer is standing in front of the cash register. It's not a lot more, but it is more. For a big retailer, like Walmart, it adds up to a lot of money.
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Those are still fees paid directly to the issuing banks as the merchants have always done. Nothing new has been invented.
http://en.wikipedia.org/wiki/Card_no...nt_transaction