News Update: Proposal for "fees coup" could affect Visa Inc. and MasterCard Inc.

and MasterCard Inc. (NYSE: MA): Chairman of the Senate Judiciary Committee, and Vermont Sen. Patrick Leahy (D) has said "hit rate" which could negatively affect revenues in support of two power industry Credit cards, Visa Inc. (NYSE V). Senator Leahy is co-sponsoring the "honorary beat" or exchange, as the fees that merchants pay within a given transaction. The average of almost 2% on purchase and use of industry credit cards more than 40 billion U.S. $ year. The measurethat retailers offer discounts to customers who pay with cash, or use a specific credit card. "The motivation behind this is really for the merchants of the situation if they do not want to pay, had their fair share," said CEO Robert W. Selander MasterCard. "We think the Congress understands we can not give someone a free lunch." MasterCard shares are trading up 0.73% to $ 252.57, while shares of visas to 0.75% is trading at $ 88.60.



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