Tuesday, April 11, 2006

Oil Nearing New Record Highs Means Record Interchange Fees Too (WayTooHigh.com)

Welcome to the new readers of WayTooHigh.com - The Credit Card Interchange Report.

If you are unfamiliar with our campaign last Fall urging Visa® and MasterCard® to suspend gas station interchange fees to help motorists save ~$1.50 per fill-up, click
here. As we prepare for record gas prices and interchange earnings, the following index of articles and commentaries provide you with a primer. It foreshadows our renewed efforts to draw attention to the banks interchange profiteering.

Visa® and MasterCard® Get About $1.50 Per Fill-up (WayTooHigh.com)

Visa® and MasterCard® Could Reap Billions in Revenues From U.S. Energy Crisis (WayTooHigh.com)

"Card Companies Are Filling Up At the Station" (Washington Post)

"Gas Stations Complain of 'Credit Card Cabal' - ultimately consumers pay the price" (Orange County Register)

U.S. Congressional Hearing: Banks profiteering from record high gas prices

Open Letter to Visa® CEO: suspend gas station credit card interchange fees to help motorists save ~$1.50 per fill-up

Guess who earned even more than oil companies?

"More Windfalls At The Gas Pump" (Forbes)

[source: WayTooHigh.com]