MasterCard To Disclose Interchange Rates

Law360, New York (September 6, 2006, 12:00 AM EDT) -- In a move to ease tensions with U.S. merchants and bring greater transparency to its interchange process, MasterCard Inc. is making plans to post its interchange fee schedule on its Web site.

After being rattled by dozens of antitrust class actions by retailers and trade associations, MasterCard said Tuesday it wanted to address some of its critics’ concerns by posting its fee schedule starting Nov. 1.

MasterCard, the second-biggest credit card retailer in the world, was targeted in numerous suits, along with larger competitor Visa USA...
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