Mastercard kills Pre-Checked Cross Sales

• December 28, 2008

Posted elsewhere:
Effective Immediately MasterCard is going to enforce rule 5.10.1
http://www.mastercard.com/us/merchan…Rules_5_08.pdf
Pre-Checked Cross sells are now officially DEAD!!!!!!!!!!!
Fines will be 50k per week per account
30 days for banks to cancel all accounts or termination of their right to process
This rule will not affect IPSP accounts since we are viewed as a single merchant in MasterCard’s eyes.
WOW!!!!!!!!!!! The day before Christmas this is really PRICELESS
Ron C
CEO
__________
CCbill.com
Cavecreek.com
Read more at: netpond.com