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Natwest are also swapping to MasterCard debit once cards expire. I just presumed the issuing bank had negotiated a more favourable interchange rates than using
by Crosseye_Jack 5y ago
Natwest are also swapping to MasterCard debit once cards expire. I just presumed the issuing bank had negotiated a more favourable interchange rates than using Visa.
(MC taking less of a cut of the final fees then Visa, so the banks getting a higher precentage of the fees then they would have sticking with Visa. Lets say MC gave away 5% of their cut to the banks, keeping 95% of the your slice of the pie when you are processing more pies is more than 100% of your slice of fewer pies if you get what I mean).