Wal-Mart sues Visa over chip-enabled debit cards

Visa “has demanded that we allow fraud-prone signature verification for debit transactions in our U.S. stores because Visa stands to make more money processing,” Wal-Mart said.

The retailer pays about five cents more for a signature transaction than a PIN payment, said a person familiar with the rates.

I had no idea they paid more per transaction for a signature.