Visa's new debit card, a highly touted innovation that has become a bone of contention in pending antitrust litigation, has proven spectacularly unpopular.

Most banks refuse to touch the latest version of the Visa check card, officially introduced last October and known as Visa check 2, or VC2. None of the large banks represented on Visa U.S.A.'s board of directors, which had to approve the product launch, has agreed to issue it.

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