Reply #4: Sometime in the late 70's, the co. I worked for made a deal with our bank [View All]

[napi21]

so we could process our own credit card info in-house. That was before electronic readers, so we actuually entered the data directly from the paper CC receipts. They agreed, and reduced our fees from 3.5% down to 1%. We saved millions each year!

The reason I don't like the idea of WM doing this is because it gives them yet ANOTHER big advantage over their competition! Of course, it also opens them up to possible law suits if someone there mishandles the customer's confidential info, but I'm sure they're willing oto take that chance!