IDG Contributor Network: Walmart went nuclear and banned Visa from Canada

By Evan Schuman

Sometimes, a bold strategic move can be both surprising and long overdue. Walmart’s decision this week to ban Visa from its Canadian stores is one of those instances.

Walmart and Visa have been blood enemies for as long as anyone can remember. And Walmart holds grudges; it’s part of its corporate culture.

Walmart and Visa have been having an argument about interchange for decades. Visa’s argument — that Walmart pays a lower interchange rate than anyone else, …read more

Source:: IT Management