Visa, MasterCard, AmEx… Driver’s Licenses?

May 16, 2007

Credit-card processing fees continue to be a growing burden for retailers, particularly in low-margin operations like grocery stores and gas stations. This is fuelling a lot of interest in alternative payment systems that seek to cut out credit-card companies, though they face formidable competition in the form of the cards’ ubiquity and convenience. One company is seeking to overcome that by turning people’s driver’s licenses into debit cards (via Payments News).

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