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Dominic Nicholls

Freelance journalist writing on international affairs, defence and technology plus a few random thoughts. Ex-British army and The Economist.

Dominic Nicholls is a freelance journalist writing on defence, technology, international affairs and business regulation. He is a former British army officer with service in the Balkans, Northern Ireland, Afghanistan and Iraq. He retired from the army to write, subsequently working for The Economist and Sunday Telegraph newspapers. His blog is at
Beware The Credit danielfela via Getty Images

Beware The Credit Bounce

The recent spat between Walmart Canada and Visa has reignited the debate about interchange; the fee paid by a merchant to customers' banks when a payment card has been used for the purchase. It is, effectively, a price to be paid for the convenience, efficiency and relative safety of card payment systems.
09/12/2016 11:29 EDT