TORONTO, July 23, 2013 /CNW/ - The Competition Tribunal today reaffirmed
three MasterCard rules, assuring Canadian credit card users won't be
hit with surcharges at the cash register and keeping the path clear for
innovative new payment products in Canada. Specifically the Tribunal
upheld MasterCard Canada's No-Surcharge, Honour-All-Cards and
"We want our cardholders to know that wherever they see the MasterCard
emblem they can use any MasterCard confidently without extra charges
tacked on and without discrimination," said Betty K. DeVita, President,
Ms. DeVita said the ruling is also good news for merchants. "We only
succeed when retailers and consumers succeed," said Ms. DeVita. "The
data proves that retailers that accept MasterCard see an increase in
sales and reduce their costs of handling cash and record keeping. We
are pleased that we will continue to be able to protect consumers from
unfair or unexpected fees at checkout."
The Tribunal ruling also serves to promote innovation in the Canadian
payments sector. As the operator of one of the world's most
sophisticated payment network, MasterCard provides the infrastructure
and services that enable financial institutions to offer credit cards
and that instantaneously manage the transaction between a retailer and
the credit card user's financial institution.
"We are committed to investing in leading-edge payment technologies to
continue to secure Canada's position as a world leader in payment
innovations. We are continuously innovating and investing in new
payment systems, including ground-breaking work in mobile
technologies," said Ms. DeVita.
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SOURCE: MasterCard Canada
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