WAL-MART CUTS INTERLINK DEBIT CARDS

BENTONVILLE, Ark. -- Wal-Mart Stores said last week that next month it will stop accepting debit payments made with debit cards from Interlink, a subsidiary of Visa International, San Francisco, because of a 125% increase in transaction fees.an outrageous action by Interlink and Visa," said Mike Cook, assistant treasurer at Wal-Mart Stores. "This is a hidden tax on consumers that ultimately will result

BENTONVILLE, Ark. -- Wal-Mart Stores said last week that next month it will stop accepting debit payments made with debit cards from Interlink, a subsidiary of Visa International, San Francisco, because of a 125% increase in transaction fees.

an outrageous action by Interlink and Visa," said Mike Cook, assistant treasurer at Wal-Mart Stores. "This is a hidden tax on consumers that ultimately will result in higher prices for retail goods. As America's everyday low-price leader, Wal-Mar

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