MasterCard takes aim at Visa's debit-processing business

09/24/2010 | Reuters

Tim Murphy, chief product officer at MasterCard, said the company will start taking a larger share of the debit-processing business in the "second half of next year, into 2012" as a result of the regulatory reform. Executives expect the changes will help MasterCard take on its rival Visa, although the industry continues to await rules from the Federal Reserve.

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