Wal-Mart sues Visa in chip-and-signature spat

 In News

Wal-Mart Stores Inc has filed suit against Visa USA Inc in a complaint alleging that the retailer is being pushed to use chip-and-signature rather than chip-and-PIN transactions so that Visa can route transactions over its own networks and reap the profits.

According to a report by Bloomberg, “The world’s largest retail chain said in its complaint that the chip-and-PIN protocol is more secure and would allow it to route transactions across less-expensive networks.”

In some cases, PIN debit networks charge half as much as the Visa signature network for the same transaction.

The case is Wal-Mart Stores Inc v. Visa USA Inc, 652530/2016.

Suzanne Cluckey
Suzanne Cluckey is the ATMmarketplace.com site editor. She's a writer with more than 25 years of experience in journalism and mass communications. Her work has appeared in trade journals and consumer publications throughout the U.S. and has covered a vast range of topics from ATMs to software development.
Recommended Posts
Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text.