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Charitably, you could call those merchants capitalism's foot soldiers.
Those merchants who suspected fraud could send along the checks to their local district attorneys.
"It doesn't make sense that 15 years later they put those merchants back on the street".
To survive, those merchants had to find 60percentt of their business in entertainments beyond "Cheerleaders Gone Bad IV".
Stimulating sales for those businesses would also benefit American Express because many of those merchants accept American Express cards.
Even for those merchants whose goods are sourced locally, the rising cost of transportation from imported fuel is cutting into profit margins.
If those merchants were housed in a brick-and-mortar mall, they would occupy a "space equal to the island of Manhattan".
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Those merchant fees finance his perks, and if those fees fall, he's got problems.
But before the company could market them widely in this country, he said, there were those merchant relationships to rebuild.
Indeed, my friend reported, those merchant bankers, corporate lawyers, consultants and accountants who are paid so grotesquely more than doctors or teachers are forming the new lairdocracy.
The outrage over those merchant fees is what led Senator Durbin and his colleagues to limit what financial institutions with over $10 billion in assets can collect from merchants when customers use debit cards.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com