RETAIL VIEW: Retailers protest skyrocketing transaction fees
RETAIL VIEW: Retailers protest skyrocketing transaction fees
In what has to be labeled pure irony, the Food Marketing Institute, on behalf of the nation?s food retailers, is protesting skyrocketing electronic transaction fees which it claims retailers have no control over nor any say in determining the size of that charge levied by banks and credit card companies. Bill Greer, director of editorial services for FMI, the national trade association for food retailers, said that these charges are going up on a continual basis and they threaten the very profitability of the supermarket industry. He said that the charges can be as high as 2 percent per