Friday, November 02, 2007

Visa and MasterCard's Merchant Rules Are Irrelevant (

Last week, we posted a commentary on the fact that the American Red Cross was in violation of their payment processing agreements. They were "requiring" a minimum payment to accept donations from electronic payments. What did Visa® and MasterCard® do? Nothing, as far as we could see. This helps draw renewed attention, not to the invaluable contributions of the American Red Cross, but rather to the breakdown in oversights for the silly interchange fee rules.

Here's another posting on the topic.

Credit Card Fees Force Red Cross to Impose Minimum Donation Amounts

[commentary -]