Feedback: A Modest Proposal for Merchants

Regarding "Debit Revenue Under Fire, Rewards Need a Revamp": The merchants have forgotten the man power needed to process and deposit checks as well as the bank charges that are incurred. As issuers, we should "flip the switch" for a couple of days so that our customers HAD to write checks at these places. Maybe then, [the merchants] would remember the "days of old." The discount rate that merchants pay is a cost of doing business.

Processing Content

Tony Cook
Senior Vice President
City National Bank
Sulphur Springs, Tex.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER