Once again, CIBC is not responsible for setting interchange rates or for justifying what those rates are.
I would say that businesses benefit from the use of credit cards, and our banks provide authorizations for their confidence that they will be getting settled on a transaction, and we transfer any risk related to that transaction to the credit card issuer. The merchants also have a faster checkout line with reduced cash handling time by using credit cards. They also are enabled for e-commerce by using credit cards. There are benefits to businesses for accepting credit cards.