Technology is putting pressure on credit card and bricks and mortar retailers. Both aren’t needed as much, and hence they start fighting like children over the scraps.
Most won’t be too sad to see both walk away wounded.
Now Walmart has initiated a public fight – something we never wanted – and they are using their own customers as negotiating leverage by stating that they will no longer accept Visa cards at Walmart stores.
http://www.visa.ca/en/aboutcan/mediacentre/news/visa-open-letter-walmart.jsp#.V2P7MmIpBE9