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“Hidden Credit Card Fees Are Costing You” (via CNN Money)

WayTooHigh.com - The Credit Card Interchange Report | August 1st 2008 by ScanMyPhotos.com - Mitch Goldstone

New legislation may mean an end to interchange fees, which cost the average family more than $400 a year By Jessica Dickler, CNNMoney.com staff writer Last Updated: July 31, 2008: 5:20 PM EDT NEW YORK (CNNMoney.com) — Swiping your credit card read more

Visa and MasterCard Interchange Fee Increases Impact PIN-based De…

WayTooHigh.com - The Credit Card Interchange Report | July 17th 2008 by ScanMyPhotos.com - Mitch Goldstone

While Visa and MasterCard attempt to limit the outrage over their windfall profiteering at the pumps, the ineffective rate reductions on gasoline electronic payments, were just met with new rate increases for merchants.  PIN-based debit card fees tr read more

Merchants Rally Against Visa and MasterCard Fees

WayTooHigh.com - The Credit Card Interchange Report | July 7th 2008 by ScanMyPhotos.com - Mitch Goldstone

See below for a sample of signs that consumers, retailers and service station operators displayed during The Great American Rally Against Visa and MasterCard’s Fees on Gasoline. For an update on how Visa and MasterCard are forcing service stat read more

“Rally protests gas prices, credit card fees” (via OC Metro)

WayTooHigh.com - The Credit Card Interchange Report | July 4th 2008 by ScanMyPhotos.com - Mitch Goldstone

Via OC Metro Magazine Irvine business owner organizes rally to call attention to the fees credit card companies are raking in with rising gas prices. By Olga BelogolovaPublished: July 03, 2008 04:10 PM More than 30 people gathered at the co read more

Fact Sheet: Do You Know How Interchange Fees Harm Service Station…

WayTooHigh.com - The Credit Card Interchange Report | July 3rd 2008 by ScanMyPhotos.com - Mitch Goldstone

Visa and MasterCard credit card fees inflate the price of gas by charging consumers and merchants hidden credit card fees that total 8-10 cents a gallon that inflate already skyrocketing gasoline prices. Credit card fees now tally up to $2.00 or more read more

Rally to Stop Skyrocketing MasterCard and Visa Fees on Gasoline

WayTooHigh.com - The Credit Card Interchange Report | July 1st 2008 by ScanMyPhotos.com - Mitch Goldstone

Click here for Media Advisory NEWS RELEASE Consumers and Merchants Tell Congress to Support the Credit Card Fair Fee Act IRVINE, Calif.–(BUSINESS WIRE) Consumers and merchants alike will rally in Irvine on July 3rd, Thursday morning at 7:30 read more

MEDIA ADVISORY: Rally to Stop Skyrocketing Credit Card Fees on Ga…

WayTooHigh.com - The Credit Card Interchange Report | June 29th 2008 by ScanMyPhotos.com - Mitch Goldstone

MEDIA ADVISORY                                                      Contact: Mitch Goldstone Ph: 949-474-7654 Email: Goldstone (at) ScanMyPhotos.com   Rally to Stop Skyrocketing Credit Card Fees read more

Noise from the American Bankers Association

WayTooHigh.com - The Credit Card Interchange Report | June 25th 2008 by ScanMyPhotos.com - Mitch Goldstone

“ABA SAYS JUSTICE DEPARTMENT AND FTC LETTERS MAKE STRONG CASE AGAINST INTERCHANGE LEGISLATION.” The American Bankers Association does it again. What a surprise that they issue a press release regarding a recent comment regarding the Credi read more

All About the Visa and MasterCard Promotional Gift Card Scheme

WayTooHigh.com - The Credit Card Interchange Report | June 24th 2008 by ScanMyPhotos.com - Mitch Goldstone

I recently bought a new AT&T wireless cell phone and received a $50 rebate, but not so fast. The refund was not a standard check, but rather as an electronic payment AT&T branded Visa Promotional Card. The challenge was to find merchants whic read more

OPEC, Visa and MasterCard Have Much in Common

WayTooHigh.com - The Credit Card Interchange Report | June 19th 2008 by ScanMyPhotos.com - Mitch Goldstone

Thomas W. Evans wrote a New York Times Op-Ed ["Sue OPEC," June 19] calling for United States to sue the Organization of the Petroleum Exporting Countries (OPEC) due to the oil cartel’s illegally setting production quotas and maintaining “artifi read more

MasterCard to drop ‘illegal’ fees

WayTooHigh.com - The Credit Card Interchange Report | June 13th 2008 by ScanMyPhotos.com - Mitch Goldstone

MasterCard Inc., the giant credit card company based in Purchase, said this week it will drop 40-year-old transaction fees that European regulators have declared illegal. The European Commission said last December the company had to devise an alterna read more

At $50 Billion, Is MasterCard and Visa’s Member Banks’ Cartel…

WayTooHigh.com - The Credit Card Interchange Report | May 14th 2008 by ScanMyPhotos.com - Mitch Goldstone

The total annual merchant interchange fees continue to soar and reflect a growing discontinuity with the nation’s recession and realities that technology and efficiencies should be lowering fees. Instead, according to Robin Sidel’s May 14th W read more

“Just like the British in 1773, Visa and MasterCard Won’t Neg…

WayTooHigh.com - The Credit Card Interchange Report | May 13th 2008 by ScanMyPhotos.com - Mitch Goldstone

Just like the British in 1773, Visa and MasterCard won’t negotiate. Enough is enough.  View “Tea Party Ad” print advertisement Credit card companies trap merchants and consumers with high fees. Don’t take the bait!  View &# read more

“Old Foes Unite to Keep Charging Credit Card Fees to Merchants…

WayTooHigh.com | May 12th 2008 by ScanMyPhotos.com - Mitch Goldstone

WayTooHigh.com - The Credit Card Interchange Report Comments: Even financial interpreter Jim Cramer is in for a grueling week as Visa and MasterCard readies for what both companies warn might lead to their “insolvency” [according to their read more

Visa and MasterCard: How to Profit Off a Devistating Natural Disa…

WayTooHigh.com | May 11th 2008 by ScanMyPhotos.com - Mitch Goldstone

Visa and MasterCard profiting from a devastating natural disaster? This is another image crisis for the two leading credit card associations and their thousands of member banks.  When the public understands that with each electronic payment donation read more

Visa Inc. Makes Operating Regulations Available to the Public

WayTooHigh.com | May 9th 2008 by ScanMyPhotos.com - Mitch Goldstone

Before reprinting today’s Visa Inc. press release, these thoughts: Our merchant interchange antitrust litigation is based on many years of alleged illegal activities.  Just as if a convicted bank robber apologizes and cleans up their act, the read more

CNBC Interview with Mallory Duncan, Chairman of the Merchants Pay…

WayTooHigh.com | May 9th 2008 by ScanMyPhotos.com - Mitch Goldstone

Click hBentz, ere to view the CNBC News segment. Merchants do not have a “wonderful relationship” with Visa and MasterCard. Fact is we are suing them for what could amount to hundreds of billions of dollars in antitrust violations. There read more

Visa and MasterCard: How to Profit off a Devistating Natural Disa…

WayTooHigh.com - The Credit Card Interchange Report | May 8th 2008 by ScanMyPhotos.com - Mitch Goldstone

Visa and MasterCard Profiting From a Devastating Natural Disaster If you thought that Visa, MasterCard and thousands of banks were heartless by reaping windfall profits during our economic energy crisis and record fuel prices, just wait. Even more di read more

“Congress Takes on Gasoline Prices” (via CNNMoney)

WayTooHigh.com | May 7th 2008 by ScanMyPhotos.com - Mitch Goldstone

“The hearing was held by the House Judiciary Committee’s Task Force on Competition Policy and Antitrust Laws. It was delayed more than an hour due to prolonged votes on the House floor, according to a Judiciary Committee spokesman.” read more

More Bank Profiteering from Record Crude-Oil

WayTooHigh.com | May 6th 2008 by ScanMyPhotos.com - Mitch Goldstone

Where are the U.S. presidential candidates on the issue of Visa and MasterCard’s merchant interchange fees?  Their silence is almost as concerning as are their lack of initiatives to boost support for the U.S. currency.  With today’s ne read more

“The Credit-Card Fee Market Isn’t Working” (via WSJ)

WayTooHigh.com | April 8th 2008 by ScanMyPhotos.com - Mitch Goldstone

Click here to read the April 8th Wall Street Journal “Letter to the editor” from Rep. John Conyers (D., Mich.), Chairman House Judiciary Committee and Rep. Chris Cannon (R., Utah), Ranking Member House Judiciary Subcommittee on Commercial read more

Assault on Visa and MasterCard’s Merchant Fees Escalates in the…

WayTooHigh.com | April 3rd 2008 by ScanMyPhotos.com - Mitch Goldstone

The magnifying attention to what we assert is illegal price-fixing by Visa, MasterCard and its member banks is gaining concentrated global attention. After a recent Wall Street Journal commentary (Credit-Card Wars,” Review & Outlook, March read more

WayTooHigh.com: Influencing Opinions and Raising Awareness

WayTooHigh.com | March 25th 2008 by ScanMyPhotos.com - Mitch Goldstone

Today marks the third year since ScanMyPhotos.com launched WayTooHigh.com - The Credit Card Interchange Report. It is also about the time we received that infamous rate increase letter from Chase Paymentech which was sent to millions of merchants ju read more

“Visa’s IPO Is Worth a Close Reading” (via WSJ)

WayTooHigh.com | March 22nd 2008 by ScanMyPhotos.com - Mitch Goldstone

Herb Greenberg reports in The Wall Street Journal on March 22 [Page A11, subscription required] on what we have long been mentioning - The Visa IPO risk factors.  Unfortunately, it wasn’t until after the drunken jubilation subsided that investo read more

“Lenders Labeled New Marketing Villains”(AdAge)

WayTooHigh.com | March 21st 2008 by ScanMyPhotos.com - Mitch Goldstone

Click here to view the March 10th AdAge article by Matthew Creamer  (Subscription required). Excerpt: “Debt: It’s the new obesity. Just as food companies have gotten spanked for pumping their products full of fat and sugar, companies read more

Visa Inc. $45 Billion Market Value Still $5 Billion Under Potenti…

WayTooHigh.com | March 19th 2008 by ScanMyPhotos.com - Mitch Goldstone

[Click here for March 19, AP story on Visa Inc. IPO by Michael Liedtke] Based on Visa Inc’s. closing stock price after its first day of trading (down by more than 12-points from its intra-day trading high of $69 a share), the giant credit c read more

Shareholders Take Visa; Banks Run With $10,000,000,000 Payday

WayTooHigh.com | March 19th 2008 by ScanMyPhotos.com - Mitch Goldstone

Because the new Visa Inc. shareholders remain hypnotised by the market success of MasterCard’s IPO, here are some leading morning-after profiles about why the banks bailed on Visa, cashed out $10 billion, plus another $3 billion for litigatio read more

It’s a Record!

WayTooHigh.com | March 17th 2008 by ScanMyPhotos.com - Mitch Goldstone

If it isn’t delayed or cancelled, the Visa Inc. IPO won’t be the only record to be broken. Today marks the highest - record-setting number of domestic and international visitors to WayTooHigh.com - The Credit Card Interchange Report si read more

If We Were in Vegas, Our Wager Would Be on Visa’s IPO Not Happe…

WayTooHigh.com | March 16th 2008 by ScanMyPhotos.com - Mitch Goldstone

Based on the dire financial news reports, stock market turmoil - from Bear Stearns to soaring gold and other commodity prices and non-stop Federal Reserve interventions, we are thinking that the Visa IPO will not happen this week, or any time in the read more

Riddle: What Do Visa and MasterCard’s Interchange Fees, Photogr…

WayTooHigh.com | March 16th 2008 by ScanMyPhotos.com - Mitch Goldstone

Non eco-friendly relics from last century, like photographic film and bulky Yellow Page directories, in our opinion, share something in common with Visa and MasterCard’s interchange fee structure. Even worse, the billions of bank-mailed credit car read more

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