Walmart announced on June 11 that "unacceptably high fees" for credit card transactions had prompted it to stop accepting Visa cards. ​The clock is ticking on Walmart's pledge to stop accepting Visa cards at its Canadian stores. Indeed, shoppers in Thunder Bay are already making noise about the plan to drop the credit card. So if the Thunder Bay move doesn't force Visa to make concessions on transaction fees, Lee predicts Walmart will simply move to round two. "We absolutely want to be everywhere consumers want to stop and that includes Walmart stores," said Rob Livingston, president and country manager of Visa Canada.

Source: CBC News July 05, 2016 09:00 UTC