Comment Retailers Already Pay (Score 1) 127
The cost of fraud and security is built in to the interchange rates that make up the bulk of card-present fees from Visa et al. By and large, the retailers already cover those costs. If specific retailer-focussed fines are put in place they should be accompanied by a drop in interchange rates (not going to hold my breath here). Also, by reducing cost-sharing and increasing self-insurance, that's another way of squeezing out smaller merchants (who can't begin to cover those costs) in favor of the larger ones (who don't need external underwriting to do so).