Visa Europe expects to reach a deal with European Union competition authorities on its cross-border transaction fees this year, the payment card company said on Tuesday. Read more.[source: Reuters]
There are just hours remaining until Visa, MasterCard and their member banks face a new administration in D.C. To kick things off, this article was published today by Digital Transactions Magazine. Let’s remember that this issue is all about illegal, anticompetitive price fixing and unbridfled market power.
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“MasterCard Paper Dispels Myths and Highlights Benefits of Electronic Payment Networks” (via MasterCard Press Release)January 14, 2009
I couldn’t even invent this journey through a mythological abstraction from reality, so here it is in MasterCard’s® own words. To counter these assertions, see the below more than 1,200 unique WayTooHigh.com postings over the past nearly four years.