MasterCard says it isn't planning to follow Visa's lead on fees

08/4/2011 | AmericanBanker.com (free registration)

Visa recently changed its fees, a pre-emptive move as the Durbin amendment looms. MasterCard, on the other hand, said it is not planning any major changes to its fee structure for processing card transactions. "We're going to be very thoughtful and very surgical in how we approach the opportunities in PIN and signature debit as it unfolds under Durbin," said Chris McWilton of MasterCard.

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