Wal-Mart, MasterCard Agree on Debit Card
Customers of Wal-Mart Stores Inc. can use MasterCard Inc.’s signature debit cards to make purchases for the first time since February, when the world’s largest retailer suspended their usage in a disagreement over fees charged to merchants.
Bentonville, Ark.-based Wal-Mart said in December that MasterCard’s fees were too high. The move made Wal-Mart the first major retailer to take such action since a lawsuit settlement freed merchants to pick which credit and debit card services to use.
A Wal-Mart spokeswoman declined to say whether MasterCard had lowered its rates to win back Wal-Mart’s business.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.