Honor Technologies Inc., the Florida-based electronic funds transfer network, is taking aim at MasterCard and Visa by raising one of its prices.

The regional network plans in May to raise the fees it requires merchant banks to pay issuing banks for on-line debit transactions at the point of sale. The move is partly in response to Visa and MasterCard efforts to promote their Visa check and MasterMoney products, which generate higher per-transaction fees for banks.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.