Mastercard’s Lobby List Includes Online Gambling?

Mastercard’s Lobby List Includes Online Gambling? Congress lobbying spends $840 000 in Q3, reports processing giant

The latest reports of the financial processing giant Mastercard Inc note that the company spent some $840 000 on lobbying activities in Q3 of 2010. Reportedly, one of the main lobbying targets, apart from the regulation of consumer financial products, interchange fees and online payments, was internet gambling.

This sum represents a 24 percent increase compared to the $680 000 spent in the third quarter of 2009. However, it’s also a significant drop from the $2.33 million Mastercard paid lobbyists in the second quarter of 2010, the time when the US government's financial overhaul bill was pushing through Congress.

The main focus of interest of Mastercard lobbyists was the financial reform to affect credit and debit cards, but also measures related to the fees charged to merchants for processing payments, as well as card issuer practices, data security, the use of cards for Internet-based purchases, the regulation of internet gambling, market access in global markets and intellectual property enforcement.

All News Categories

Most Viewed Articles

See all

Related News

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search Results