Debit Fee Agreement Reached, Visa and MasterCard Shares Jump

Interchange Fee Pact Reached, Visa and MasterCard Shares Jump

Graphic from International Business Times Click to Enlarge

According to StreetInsider.com,

"The stocks of several credit card processors have moved sharply higher in intraday trading amid reports that Senator Dick Durbin has said that an agreement with the House has been reached on the heavily-debated debit card fee cap issue. Shares of Visa (NYSE: V) are now up more than 7% to $82.59, while shares of MasterCard (NYSE: MA) have jumped about 6% today."

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   Visa, Mastercard Shares Rally On Interchange Rule Agreement ‎ Wall Street Journal - David Benoit - 1 hour ago The new proposal would prevent the government from regulating network fees charged and accrued by Visaand MasterCard. When the rules, which would regulate ... Visa, MasterCard Climb as Congress Weighs Debit-Fee Compromise BusinessWeek - Peter Eichenbaum - ‎33 MINUTES AGO‎ “If the counter-proposal becomes law, Visa and MasterCard still may have to cope with some business-model changes, but these would likely be less than had ... Visa, Mastercard up on swipe fee regulation pact MarketWatch - Alistair Barr - ‎1 HOUR AGO‎ SAN FRANCISCO (MarketWatch) -- Visa Inc. (NYSE:V) and Mastercard Inc. (NYSE:MA) shares climbed Monday afternoon as US politicians reached an agreement on ... The Political Power Of Global Grind: Defending The Poor Global Grind (blog) - Michael Skolnik - ‎5 HOURS AGO‎ Durbin (D-IL), believes that a merchant should no longer pay a fee to Visa or Mastercard when a customer uses a debit card. Right now, the merchant pays a ... Lobbyists Win? Visa (V) and Mastercard (MA) Explode Midday International Business Times - ‎1 HOUR AGO‎ Both Mastercard (MA) and Visa (V) have exploded upward around 1 PM. I can only assume some piece of punitive legislation was successfully blocked by ... Proposed New Debit Card Rules May Not Help Consumers Much ABC News - Dalia Fahmy - ‎8 HOURS AGO‎ His biggest complaint is directed at MasterCard and Visa, who he says charge him more than $100000 in debit card "swipe fees" a year. ... Lane: Time for Congress to Stand Up for Small Businesses on Swipe Fees Roll Call (subscription) - Dennis Lane - ‎4 HOURS AGO‎ Because these swipe fees are set by a cartel (Visa and MasterCard) that controls more than 80 percent of the market and can unilaterally hike up its prices. ... Small business owners rally in DC Creditnet.com - Sam Lee - ‎3 HOURS AGO‎ "The facts are on our side against the massive lobbying campaigns by Visa and MasterCard," said national spokesman for Reform Swipe Fees NOW! and 7-Eleven ... Visa Shares Soar On Swipe Fee Fegulation Agreement NewsyStocks.com - ‎25 MINUTES AGO‎ Visa shares were up $3.89 or 5.05% to $80.93 in afternoon trade. Rival MasterCard (NYSE: MA) rose $8.46 or 3.95% to $222.71. Disclosure: Author doesn't own ... Qik-n-EZ president supports Durbin proposal on debit-card fees The State Journal-Register - Bernard Schoenburg - ‎10 HOURS AGO‎ “Small businesses have to accept Visa and MasterCard to survive, and so they have no choice but to accept the outrageous fees that are imposed on them by ...

Read more: http://pindebit.blogspot.com/2010/06/interchange-fee-pact-reached-visa-and.html#ixzz0rWIURTPB

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