Tuesday, May 29, 2007

It's a Card Game (WayTooHigh.com)

In Australia, as the Reserve Bank moves to further reduce interchange fees, the banks are shifting their card brands towards Amex, because according to The Australian, those cards are not regulated. We are seeing a growing transformation in the U.S., where banks are issuing Amex-branded cards to replace those of the two leading card associations. This means that consumers and merchants are facing extraordinarily higher fees for processing electronic payments.

Prior Related Postings

Merchant Interchange Fees May Skyrocket (WayTooHigh.com)

American Express Tarnished, the Brand Leader's Cache Faces Saturation (WayTooHigh.com)

MBNA-AmEx Relationship Threatened (The News Journal / Bloomberg News)

[Commentary: WayTooHigh.com]