American Banker had an article examining the issue of merchant card processing statements and various tactics of obfuscation some acquirers use to exploit the complexity of the interchange system. President and CFO of Heartland Payment Systems, Bob Baldwin provided considerable insight and commentary on the issue:
“It’s not as much like the Wild West as it used to be, but there are still people that will take advantage of you.”
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For more of Mr. Baldwin’s perspicacious commentary, please click here.
