Visa-MC Settlement Fallout: Korean-Issued Cards Could Cost More

By  |  July 16, 2012
 | 

Consumers who use credit cards issued by Korean companies may see cost increases at the start of next year.

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    Following last week’s swipe fee settlement between Visa, MasterCard, banks, and merchants, Korean companies say they will push a three percent processing surchage onto consumers starting next year, according to ChosunMedia. The issuers have been footing the bill for that charge, the report says.

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