@sik0fewl Just scanning the net and discovered that #Telus has backed down after customer complaints - they're back to burying the interchange fee in their charges. Of course, customers aren't really saving money as a result - it's back to everyone pays.
#CanadianTire has successfully made credit card customers pay for years by giving less #CashBack on their points cards (Canadian Tire money) for credit card payments. No one else seems to get away with this though.
https://www.cbc.ca/news/business/telus-credit-card-fee-1.6882341
SheamusPatt
joined 2 years ago
@sik0fewl Nice to see a bit of movement on this but it's clear that the #FinanceIndustry in #Canada is still calling the shots given its limited scope.
High interchange fees are basically a tax on the poor. Everyone pays but high net worth individuals are the ones offered #CashBack or Points cards so get some of it back.
They're even horning in on essential costs as I wrote about a few years back http://galbraith-was-right.sheamuspatt.ca/2014/01/credit-card-issuers-elbowing-in-on-more.html
#cdnpoli
@OminousOrange @mooniyaw You can thank #JeanCretien for getting #Corporate money out of politics (at least, by direct donations). Surprisingly, #StephenHarper reduced personal contributions even further (a way of owning the #Libs as at the time their party was much better at attricting lots of small doners).
https://www.theglobeandmail.com/news/national/pms-donation-plan-stuns-party/article25428665/ #cdnpoli
@CanadaPlus @RandomCanuck Even worse, they might contract it out to some corporate development firm, and spend big bucks for an inferiour app like they did with #ArriveCan.
https://globalnews.ca/news/9429380/arrivecan-contract-illogical-inefficient-trudeau/ #cdnpoli #fediverse #Canada