Monday, April 10, 2006

Wal-Mart Stores® Back In The Fray (

Can you blame Wal-Mart® ? The brawl against interchange fees is about to explode if Wal-Mart succeeds in its plan to open its own bank. The reason: interchange fees. If you think that the bank's scheme to reap record earnings from soaring gasoline prices, again, is news, wait until you begin reading about Wal-Mart's® newest plan in the battle over Visa® and Mastercard's® fees.

The Los Angeles Times (April 10) reports that the bank would be chartered in Utah and help process a portion of the nation's largest retailer's card transactions.