Payment associations have market power because they are owned and controlled by groups of banks. The public MasterCard would have independent directors and a governance system that would make it clear that it would not be attempting to collude in setting an interchange fee.  -   Kenneth Posner     Quotes
Payment associations have market power because they are owned and controlled by groups of banks. The public MasterCard would have independent directors and a governance system that would make it clear that it would not be attempting to collude in setting an interchange fee. Kenneth Posner
 Power