Sunday, April 16, 2006

Visa® and MasterCard® Get About $1.50 Per Fill-up

Have you noticed how silent Visa® and MasterCard® and their member banks have been as gas prices approach new record levels?

More attention to their greed and unparalleled profiteering from record interchange fees at service stations is underway by - The Credit Card Interchange Report. While the banks and their public relations firms overtly remain silent, we anticipate they will be forced to acknowledge why the interchange payment structure has failed and is so damaged. We are eager to hear their spin on why as gas prices are doubling, so too are the interchange fees. Even Washington D.C. legislators are taking notice and asking questions.