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Quote of the Day

Theodore Iacobuzio |

From this morning’s Wall Street Journal, “More Decide to Charge a Taxi Ride” (subscription required):

“‘Why do restaurants and businesses accept credit cards when they get charged a fee on it? Because it brings in more business,’ said Michael Woloz, a spokesman and lobbyist for the Metropolitan Taxicab Board of Trade, an association of 35 different taxi fleets, which lease to about 14,000 individual drivers.”

Kind of speaks for itself.

Topics: Credit, Debit

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