{"id":1996,"date":"2016-07-06T20:52:11","date_gmt":"2016-07-07T01:52:11","guid":{"rendered":"http:\/\/paymentfac.wpengine.com\/?p=1996"},"modified":"2023-03-10T10:46:32","modified_gmt":"2023-03-10T17:46:32","slug":"visa-puts-signature-on-skirmish-with-retailers","status":"publish","type":"post","link":"http:\/\/infinicept.com\/payment-facilitator\/business\/visa-puts-signature-on-skirmish-with-retailers\/","title":{"rendered":"Visa Puts Signature On Skirmish With Retailers"},"content":{"rendered":"

Visa filed a suit against Walmart June 30, the latest volley in a legal shootout with large retailers over EMV, chip-and-PIN and signature policies. <\/strong>“To me, it\u2019s a clear escalation in the battle,” said<\/strong> Rick Oglesby, president of AZ Payments Group and a partner at Double Diamond Group. “<\/strong>It\u2019s never a good thing to be wrapped up in a public dispute with one of your largest and most influential customers, and the networks versus Walmart has been ongoing for many years.”<\/strong><\/p>\n

The suit claims Walmart surreptitiously tested a process in which shoppers were not given the choice to verify their Visa debit card purchases with a signature.\u00a0It’s the most recent salvo in a battle among Visa and large retailers over the use of either signatures or PINs to verify transactions.<\/p>\n

Walmart sued Visa in May<\/a>, alleging the card brand demanded signature verification for debit transactions even though PIN is more secure.<\/p>\n

In mid June, Walmart Canada said it would begin in mid July<\/a> to refuse to accept Visa due to high transaction fees; Home Depot went after Visa and MasterCard in court in mid-June with chip-and-PIN\/signature complaints at the heart of the suit; and grocery giant Kroger filed suit against Visa June 27<\/a> because it says Visa changed its mind too many times regarding EMV migration process and hardware.<\/p>\n

According to Reuters, Visa detected a decrease in debit card transactions after Walmart’s \u201cPIN-only policy\u201d was secretly instituted and got complaints from customers when they couldn’t use debit cards at Walmart without a PIN. The combatants traded different versions of the proceedings, of course.<\/p>\n

Oglesby said observers should get used to the nastiness.<\/p>\n

“Walmart taking a very hard line in Canada, the MCX partnership with Chase<\/a>, the courts negating the interchange settlement, and Walmart\u2019s suit regarding debit routing are all indications that the battle is heating up, and that Walmart is going for blood,” Oglesby said.<\/p>\n

“Visa\u2019s response is likely necessary from a legal standpoint, at the same time it\u2019s bringing about an ugly public escalation of a persistent battle that actually has a foundation in the network business model. It\u2019s hard to see this ending any time soon.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Visa filed a suit against Walmart June 30, the latest volley in a legal shootout with large retailers over EMV, chip-and-PIN and signature policies. “To me, it\u2019s a clear escalation in the battle, said Rick Oglesby, president of AZ Payments Group and a partner at Double Diamond Group. “It\u2019s never a good thing to be wrapped up in a public dispute with one of your largest and most influential customers, and the networks versus Walmart has been ongoing for many years.”<\/p>\n

The suit claims Walmart surreptitiously tested a process in which shoppers were not given the choice to verify their Visa debit card purchases with a signature. It’s the most recent salvo in a battle among Visa and large retailers over the use of either signatures or PINs to verify transactions.<\/p>\n","protected":false},"author":21,"featured_media":518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[2],"tags":[164,261,383,477,502,509,759,951,961],"class_list":["post-1996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-chase","tag-emv","tag-home-depot","tag-lawsuits","tag-mastercard","tag-mcx","tag-rick-oglesby","tag-visa","tag-walmart"],"acf":[],"_links":{"self":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/1996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/comments?post=1996"}],"version-history":[{"count":4,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/1996\/revisions"}],"predecessor-version":[{"id":9208,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/1996\/revisions\/9208"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media\/518"}],"wp:attachment":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=1996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=1996"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=1996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}