Robert J. Nordstrom, Albert L. Clovis ... The primary user of this method is a major retailer who did not offer revolving credit until many years after these accounts ... in the 1960a#39;s, they recognized that if credit cards were to be used in the purchase of goods and services, banks would be competing ... Hence, in bank credit card operations under which banks pay to retailers the dollar amount, less a aquot; merchant discount, aquot; of ... This Act authorizes the use of this method in Section 2.202(2)(a).
|Title||:||Selected Commercial Statutes|
|Author||:||Robert J. Nordstrom, Albert L. Clovis|