News
MasterCard raises some rates, drops others
March 4, 2007
Digital Transactions:MasterCard Worldwide is raising some rates but dropping others in its new interchange-rate schedule, which takes effect in April. Internet retailers will see some acceptance costs decline, the company says, depending on whether the card used for a particular transaction is a "Core Value" or "Enhanced Value" consumer credit card. The new Core Value and Enhanced Value designations essentially divide non-World Elite consumer credit cards into two groups. The effect will be to impose higher merchant pricing on some rewards cards that aren't part of the World Elite family, which already carries higher interchange than conventional credit cards.
Banking Executive SummaryTransaction ProcessingEFT NetworksPrepaid / Stored Value / Gift CardDebit / CreditOtherNorth AmericaPublic CompaniesBank / Credit Union
Related Media
Subscribe
Get the latest news and resources from ATM Marketplace.
Recent Posts
SEC accuses former ATM businessman Daryl Heller of funneling $185M from investors
Fifth Third named as top veteran friendly employer
DC AG sues Bitcoin ATM operator Athena Bitcoin for allegedly exploiting scam victims
NCR Atleos earns #5 rank in fintech rankings
SEC to revamp cryptocurrency policies amid Trump's pro crypto push
