Payments behemoth Visa (NYSE:V) is reportedly planning to change merchant fees rates for United States-based merchants as part of a major update of its point-of-sale system.
The development was revealed in a document Visa sent to banks announcing an upgrade of its system, which will be rolled out in April and October, Bloomberg reported on Feb. 4. With the move, the payments giant aims to push merchants to stop using checks, as well as adjust its new fee structure for new businesses.
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