Traditional credit card companies are aggravating merchants who are turning toward alternatives. Retailers may be looking to mobile payments as an alternative to traditional transactions, having clearly had enough with Visa and MasterCard, as merchants recently refused to accept a settlement in the lawsuit that is currently accusing these credit card giants of working together to set fees for their services. PayPal is an important indicator of how retailer outrage is becoming a driver of alternatives. Investors are currently keeping a close watch on PayPal’s owners, eBay, to see how…
Read MoreMobile payments companies expect to benefit from frustration of retailers
