Could MasterCard Fall Further On Fee Concerns? – Great Speculations – Buys, holds, and hopes – Forbes
Though the proposal would impact major banks that issue debit cards to their customers, most of these banks have diversified operations and so debit card transaction revenues form a small portion of the total bank’s business. The banks might also pass on some of their lost revenues by reducing what they pay to the card networks such as MasterCard
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WayTooHigh.com: The Credit Card Interchange Report, is edited by Mitch Goldstone, co-founder of California-based ScanMyPhotos.com, the international online photo preservation service.
Goldstone and co-owner, Carl Berman are also the lead plaintiffs and class representatives in a antitrust class-action litigation against Visa, MasterCard and major banks that was filed in 2005.
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