Kroger bans Visa credit cards at 134 stores over 'excessive' fees that 'drive up food prices'

AP

• Kroger will stop accepting Visa credit cards at its Smith's Food & Drug Stores chain starting April 3.
• "Visa has been misusing its position and charging retailers excessive fees for a long time," said Kroger CFO Mike Schlotman.
• Kroger said it is considering options to lower credit card transaction fees at its other stores, as well.

Kroger is banning Visa credit cards at its Smith's Food & Drug Stores chain.

The chain, which has 134 stores across seven states, will stop accepting Visa credit cards as a form of payment starting April 3, Kroger said Friday. See the rest of the story at Business Insider

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