BarbiesBoyfriend
Don't let the facts get in the way of a good rant. If any airline finance director was currently paying more than 1.25% on credit card transactions he would not be in his job much longer. The credit card companies will finish up paying the cost of refunds to thousands of Globespan customers, so how is there no risk? Current net returns on credit card operations in relation to capital employed are marginal and unprofitable in very many instances where the cardholder pays off their account in full each month. For most airlines credit cards produce instant positive cashflow. The fact that Globespan appear to have put their processing in the hands of a third party is clearly a matter for them.