Probably right for most big box stores or multibillion dollar businesses. But you would be surprised how thin the margins are for local grocery stores. That 3-5% in processing could be used to compete or undercut big box competitors that price in the credit/debit card fee.

I think with the right approach (small businesses first) it could see high adoption. Plus it would make it slightly more attractive in setting up shop in places that wouldn’t otherwise get any attention (ie, food deserts)

So 2013-2014? Lol

Intel had something like this as well (side channel attack?). I remember it because Linus Torvalds (creator of Linux kernel) ripped Intel a new one.

Credit card rewards are really not worth it. These programs are largely funded by the fees that are charged to merchants which are ultimately passed on to you at time of purchase.

I would much rather have reduced costs of goods rather than have paltry credit card reward programs.

My work place is doing something similar. RTO (return to office) by some date near the end of the year. Failure to comply will result in some penalty or termination.

I don’t understand it. WFH has proved to be the same if not more productive than working in some stupid office. Company revenues and profits at highest point ever.

What’s even more fucking stupid is that the company is retiring some of their real estate in an attempt to save on costs yet they push this forced RTO.

The email they sent out was also a fucking joke — citing “tO pReSeRvE oUr UnIqUe CuLtUrE” bullshit that I have seen at other companies. It’s like they all hire the same PR firm to do their copywriting.

Makes you wonder if these executives are also well invested in corporate real estate. Thus the push towards RTO across the board.

Honestly, once it reaches critical mass. It will mean the end of PayPal, Venmo et al AND the credit card industry as a whole.