According to the Associated Press, seven of the ten MasterCard Inc. board of directors are now independent, including the board member Richard Haythornthwaite, who is now also the first non-executive chairman of the board.
[Source: via AP]
SEE NEW SITE - Welcome to WayTooHigh.com: The Credit Card Interchange Report. This site features the most comprehensive international breaking news, daily updates and commentaries on the history of merchant interchange fees. The goal in representing millions of merchants and cardholders is to reform an antiquated, costly and unfair payment system and explain why the nearly $40 billion annual merchant interchange fee is a hidden tax on consumers and retailers.
