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American Banker: Thursday, October 31, 1996

Two Retail Giants Sue Visa Over Debit Cards

By LISA FICKENSCHER

Two of the largest retailing companies have filed a lawsuit against Visa U.S.A., claiming the bank card association illegally forces merchants to accept debit cards.

(major snip) This is the first step towards repudiation of real electronic cash. I am not in favor of "forcing" companies to act (BTW, they are not forced to do anything, they can choose not to accept Visa), but if Visa will go to bat to support their debit cards, they may be willing to support ecash the same way. Matt -----BEGIN PGP PUBLIC KEY BLOCK----- Version: 2.6.2 mQCNAzDq+FoAAAEEANM9+JcJmUp4aCSGpdOG4Y1b6m4630XA8H41Utbvr7Tr6wEH CD6tlxZ+k+Pycj4w/f8WQa8fC50skoLjUNeP4lYsR7NYaMGRp6WkqCLMI/3Nohvk pfLDqnzZZdwVL2liB7mfTURoF6doQaVehHmMBjSaVTfD12tzNGm6VvyEc77JAAUR tClNYXR0aGV3IEouIE1pc3pld3NraSA8bWptaXNraUBleGVjcGMuY29tPg== =lkx1 -----END PGP PUBLIC KEY BLOCK-----