Senators grill credit card executives over swipe fees [Yahoo! Finance]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Yahoo! Finance
“I will tell you this, Visa and Mastercard, you awakened a sleeping giant. The retailers and merchants across America have had it,” Illinois Democrat Sen. Dick Durbin said. “Every time an American consumer makes a purchase using a credit card, a swipe fee is taken out of the transaction amount and divided between the credit card network and the bank that issued the card.” Bill Sheedy, a senior advisor to the CEO of Visa, and Linda Kirkpatrick, president of Mastercard, fielded questions about proposed legislation Senators say would spur competition in the industry. Durbin sponsored the Credit Card Competition Act with Kansas Republican Sen. Roger Marshall. “I'm a hands-off, free market capitalist. But capitalism without competition leads to unchecked greed, the exploitation of hardworking Americans, and the erosion of opportunity,” Marshall said. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now The legislation would give merchants access to paymen
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MA
Earnings
- 11/1/24 - Beat
MA
Sec Filings
- 11/13/24 - Form 8-K
- 11/12/24 - Form 144
- 11/4/24 - Form 4
- MA's page on the SEC website