In Europe, MasterCard Seeks To Draw Amex And Diners Club Into Merchant Fee Caps

Not surprisingly, most merchants in the European Union would prefer that a cap on merchant card-acceptance fees be applied to all card networks, not just to bankcards carrying the MasterCard or Visa brands, new research from MasterCard shows.

Source: www.pymnts.com

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Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of Operations and Government Sales at Anaptyx LLC and sits on the Boards of The Lazarus Organization, Monkeetech LLC and MG Madison Phillips, Inc. Mr. Carnesi has also founded CICG - Carnesi International Consulting Group, a company specializing in strategy consulting to small to mid-size businesses.

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