Wal-Mart, MasterCard Agree on Debit Card
From Associated Press
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.
