responsibility

jf noonan jfn1 at msc.com
Fri Jun 12 06:26:22 PDT 1998


On Thu, 11 Jun 1998, Jordan Hayes wrote:


>
> Help me out here: you want a free credit line? Transaction clearing,
> multi-week float, card services like price protection, insurance
> bundles, all for free? Paying within the grace period still entails
> costs on their end, clearly not taken up by the transaction cost.

So that 4% of the face value of a transaction that they charge a merchant is what, chump change? I think we've had a version of this conversation elsewhere and I'm still having a hard time feeling banks' pain.


>
> Hell, sign me up too!
>
> /jordan
>

--

Joseph Noonan jfn1 at msc.com



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