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The problem with this sentiment is that the card issuers (banks) charge the retailers hefty “swipe fees” on every transaction. These fees are more than adequate to cover reimbursements to consumers for fraudulent purchases and still deliver hefty profits to the card companies.
I agree that retailers must share the burden of fraud compensation with the banks. But wait — isn’t Target on the hook for millions of dollars to the banks for this breach already? Therefore, all that is left is for the Bankers Association to reduce swipe fees to help retailers fund the enhancement of security practices. I won’t be holding my breath.
HAROLD ROBERTS, Excelsior
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Thinking out of the box, if the Justice Department had informed the Federal Reserve of the Target breach, the Fed could have told banks, thereby allowing them to cap their losses, and Target would have had mere thousands of calls from bank IT departments instead of millions of calls from irate customers.
JIM MORK, Minneapolis
THE POLITICAL PROCESS
Cynicism aside, state’s caucuses are inspiring
Having come lately to Minnesota with its caucus system, I have a deep appreciation of this procedure in which ordinary citizens can and do participate. It is democracy in action when anyone may have a voice in the selection of candidates and present resolutions for consideration that, if approved, can move upward, gaining more support. It is grass-roots action at its best.
At my caucus, there was no pressure to endorse party favorites (“Caucuses really do give political insiders a head start,” Letter of the Day, Feb. 5). It is doubtful that insiders have a better chance in the caucus system than in primaries. It is my hope that Minnesota will continue holding caucuses, a basic part of our democratic process.
EUNICE HAFEMEISTER, Minneapolis
Luckily, the collection apparatus functions
To all those who have their undies in a bundle over the MNsure website, relax. I can happily report that the Minnesota Department of Revenue website (which is used to report and file sales tax returns, among many other things) works exceedingly well. I am confident that the MNsure site will soon achieve a similar level of performance.
STEPHEN SKORO, Wayzata
The Opinion section is produced by the Editorial Department to foster discussion about key issues. The Editorial Board represents the institutional voice of the Star Tribune and operates independently of the newsroom.