MasterCard Announces Interchange Initiatives
MasterCard Worldwide announced that it will soon implement significant interchange initiatives aimed at addressing concerns that have been raised by the merchant community. According to a MasterCard press release, these initiatives, which include publishing all the MasterCard interchange rates that apply to U.S. merchants and establishing a cap on interchange fees on fuel purchases at petroleum retailers, will “build on a series of steps MasterCard has taken to recognize the important voice of merchants in today's vibrant payments industry."
When published, the interchange rate schedule will be available at www.mastercardmerchant.com, where merchants can now access the MasterCard rules manual. The site also provides information to help merchants leverage card acceptance for their businesses.
Source: MasterCard press release
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