Credit-Card Backlash Mounts as Kroger Weighs Expanding Visa Ban

www.bloomberg.com

Sometimes in order to make a point and win a negotiation, you simply have walk away. Kroger is considering expanding a ban on Visa credit cards imposed by one of its subsidiaries, which would make it the largest retailer (to my knowledge) to completely cut off the payment method. Now, given it's Kroger's and Visa has generally had the upper hand, I don't think the payment network is shaking in their boots. That being said, it's a ballsy move that others will take a long look at. My guess is after a bunch of hemming and hawing (and a considerable number of meetings), cards will remain, Kroger continuing to pay the cost of customer convenience.

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