While an MC Director, Fleet Exec Attended High-Level Visa Meeting

Joseph W. Saunders, chief executive officer of Fleet Credit Card Services, testified Wednesday that when he was a MasterCard International director he attended two high-level Visa meetings in which Visa presented its strategy to member banks.

Testifying in the credit card antitrust trial in New York, Mr. Saunders also said that he used to distribute written minutes from MasterCard board meetings to colleagues who sat on Visa's board.