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by ceejayoz
2475 days ago
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The agreement was apparently just with Visa/MasterCard, and Amex works differently there, it seems. https://www.bloomberg.com/news/articles/2018-08-09/visa-mast... > Visa Inc. and Mastercard Inc. agreed to cut Canadian credit-card transaction fees in a move that could save smaller businesses C$250 million ($192 million) a year and crimp revenue for Canadian lenders. > American Express Co. agreed separately to support “objectives of greater fairness and transparency," the government said. AmEx doesn’t operate on an interchange model for its fees. The New York-based company remains “committed to improving the fairness of the Canadian credit card ecosystem,” company spokesman David Barnes said in an email. |
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