The US regulator has ordered Mastercard to open debit transactions to other payment networks — this will reduce fees
The US Federal Trade Commission has ordered Mastercard to begin providing rival payment networks with the information they need to process debit card payments. In the proposed enforcement actions, the FTC said Mastercard allegedly violated a provision of the Dodd-Frank Act, known as the Durbin Amendment, by prohibiting merchants from transferring transactions through alternative networks. […]