TITLE

Visa Contactless Not Accepted at Best Buy

PUB. DATE
January 2010
SOURCE
American Banker;1/8/2010, Vol. 175 Issue F301, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Best Buy Co. Inc. has stopped accepting contactless cards issued by Visa Inc. Best Buy objects to a prohibition by Visa on the use of personal identification numbers (PINs), thus compelling more costly, signature-based transactions. Analyst Nick Holland does not believe many retailers will follow Best Buy's lead in the matter.
ACCESSION #
47372828

 

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