Corporate treasurers voiced their concerns about credit and debit cards on Monday at the Money 20/20 Europe conference, as part of the panel discussion ‘Merchant voices – friction points for global retailers’.
Primarily, the treasurers – mostly US-based – were concerned there is no viable alternative in the cards space, with the global market dominated by Visa and Mastercard.
They said they were left with no option than to accept the fees these companies impose, and that they do not have an organization they can put their grievances to.
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