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Visa CEO’s Talk Of “Excess Cash” Sure To Sit Well With Retailers

Written by Evan Schuman
October 28th, 2010

In a recent financial statement (it involved declaring a quarterly dividend), Visa CEO Joseph Saunders made an interesting comment. Well, it should prove interesting to retailers who are steaming about their latest interchange fight. Said the CEO: “This is the second consecutive year that the board has authorized a meaningful increase in Visa’s dividend, demonstrating confidence in our business and our commitment to returning excess cash to shareholders.”

Excess cash? Yeah, that’s exactly the phrase you want to publicly use with retailers who are already screaming about charges that they see as profiteering. If you feel the need to return excess cash, why not return it to the customers you overcharged in the first place? Just a thought.

Posted in E-Commerce, In-Store, Payment Systems
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