Ottawa unveils new rules on credit card fees, but more action urged Add to ...

Bill Curry - www.theglobeandmail.com
The Small Business Matters Coalition, representing over 98,000 businesses in Canada, said they welcomed the announcement but that the fees charged by MasterCard and Visa are still too high.

“We continue to believe as a coalition that the fundamental and most important issue remains that of high credit card fees and we are not satisfied as a coalition that there has been a meaningful or significant step in the right direction in that area,” said Gary Sands, who chairs the coalition and is also vice-president of the Canadian Federation of Independent Grocers. The coalition also includes the Canadian Convenience Stores Association, the Independent Petroleum Marketers and the Association of Canadian Travel Agencies, among other industry associations. FULL STORY