Because this is all not really my primary business, I may not fully understand, but as an Accountant, I see the income received currently by banks being moved from their balance sheets to the retailer balance sheets. Then more questions come up, if banks were using the income to offset fraudulent charges for debit card users, maintaining employees, etc.., what will the retailers do with this new income??? Did the legislation say merchants being purchased would reduce in price? How do I win?
Because this is all not really my primary business, I may not fully understand, but as an Accountant, I see the income received currently by banks being moved from their balance sheets to the retailer balance sheets. Then more questions come up, if banks were using the income to offset fraudulent charges for debit card users, maintaining employees, etc.., what will the retailers do with this new income??? Did the legislation say merchants being purchased would reduce in price? How do I win?
Preluding99 8 months ago