MasterCard To Share Plans On Two Tiers

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WASHINGTON – Credit unions should get a better understanding of MasterCard’s intentions regarding supporting a two-tiered debit interchange system.

CUNA is holding a teleconference for its member credit unions Wednesday from 2 p.m. ET to 3 p.m. ET. Mary Dunn, CUNA SVP and deputy general counsel, said the teleconference is being held to “give our members the opportunity to hear directly from MasterCard about their plans. There will also be a time for questions. Hopefully this will help credit unions plan, see if they need to change anything – such as procedures, those kinds of things.”

MasterCard and Visa have stated they will support the two-tiered interchange system and Dunn said CUNA hopes to arrange a similar call with Visa.

 

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