Wednesday, September 27, 2006

MasterCard Rate Increase?! (

Can you imagine?

MasterCard® is actually preparing another assault on merchants and consumers. According to the NACS, they will again raise merchant interchange rates in mid-October.

It seems that little has changed.

Their plan is to increase World card rates on Oct 14th and the increase is widespread. We don't see any rates declining, but rising. Supermarkets are especially penalized. The new rates are increasing by about 4 percent at a time that our antitrust litigation should be causing pause.

The rate increases will apply to many cards, including: World Elite Standard, World Elite Key-Entered, World Elite Convenience, World Elite Supermarket, World Elite Warehouse, World Elite Public Sector, World Elite Restaurant.

[source: via NACS,]