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A Big Deal in Small Transactions?

  • Periodical
  • Food Management; Nov2011, Vol. 46 Issue 11, p6-6, 1p
  • The author reflects on the financial reform that could adversely affect retail operators. Starting October 1, 2011, the largest companies announced new monthly fees levied directly on cardholders for debit card usage and that they would charge the new cap maximum even on small transactions. The author emphasizes that the way the new policy will be resolved will set the stage for a future where payments will be made through Google Wallet, smart phones and other technology innovations.
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