Jul 30, 2009
On the announcement of Visa's earnings, Leslie G. Sarasin, president and chief executive officer, Food Marketing Institute commented:
"Visa's announcement that their net income rose 73 percent to $729 million is a reflection of the outrageous credit card fees supermarkets must pay to Visa and their banks every time a customer swipes a credit or debit card. The very businesses that fuel local economies and keep people employed are harmed by continually rising fees that result in expenses higher than even healthcare and energy costs."
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