Wednesday, April 12, 2006
MasterCard® Responds To EU ... Sort Of (WayTooHigh.com)
In response to the recent EU probe, MasterCard®, as reported by Reuters explained they are committed to competition. That is a good start. Because, interchange fees should be set by competition, not illegal price-fixing by agreement. While the company explained that changes to its practices are in the works, WayTooHigh.com contends that interchange currently is not subject to regular competitive forces.
Posted by Tales from the World of Photo Scanning at 11:48 AM