Lost Battle, Must Win War - MasterCard

(Reuters) - Credit card networks MasterCard Inc (MA.N) and Visa Inc (V.N) lost "a big battle" for future revenues when the U.S. Senate voted on Thursday to restrict debit card fees, according to MasterCard President for U.S. Markets Chris McWilton.

"Now we've got to make sure we win the war," McWilton said in an interview on Sunday. "We lost this battle. It's a big battle. But the war wages on and we'll be working really hard over the next week or so to stop this."

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