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Visa and MasterCard bow to Canadian interchange pressure

Visa and MasterCard bow to Canadian interchange pressure

Visa and MasterCard have bowed to pressure from Canadian regulators by agreeing to set a 1.5% cap on interchange rates in Canada for the next five years, a reduction of around 10%. The agreement comes after a four-year battle between the schemes and the Canadian Competition Bureau. By agreeing to the cap, which will come [...]

The post Visa and MasterCard bow to Canadian interchange pressure appeared first on Payments Cards & Mobile.

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