The Business Services Industry's MasterCard (MA) was InvestorGuide.com's Stock of the Day on 4/1/2009.
No Joke: European Union Drops MasterCard Case
MasterCard - the second largest credit card company in the world - has a wide variety of fees that are imposed upon either merchants or customers; no surprise there. Any credit card customer knows there might be a fee if they use a non-network ATM, or overdraft their account, and businesses understand that they typically have to pay a fee when processing a customer's payment via credit card. However, the European Union was recently troubled to find out just how high a particular fee was, and had threatened MasterCard with fines if these fees were not removed. Today, everything appears to have been resolved; but why are some of the involved parties still thinking that the decision is as humorless as a cruel April Fool's Day joke?Read more

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