Well, I think it's something small businesses have been facing now for about seven to eight years. With the introduction of premium cards into the market back in 2008, we suddenly saw pretty significant increases in the merchant fees being collected by small business merchants, as well as larger merchants. It was pretty much overnight. There is a total dominance in the industry by MasterCard and Visa in this particular area. Small business is known as price takers, not price makers. It's very difficult for them to push back. Basically, it's difficult to say no to accepting credit cards today. The response we often get from the credit card companies is that, well, businesses don't have to accept credit cards, but many small business owners have no choice. Their consumers demand it, so they basically have to take it.
On October 28th, 2014. See this statement in context.