CRTC refuses Telus request to add credit card processing fee to certain bills [Financial Post (Toronto, Ontario, Canada)]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Financial Post
While Telus didn't need the CRTC's approval to add the surcharge, the regulator said Thursday that it was concerned about its affects on affordability, consumer interest and “the most vulnerable consumers, who rely on credit cards to pay their everyday bills.” “The CRTC is sending a clear message to Telus and other telecommunications service providers that are thinking of imposing such a fee on their customers,” the regulator said in a news release. “Should the practice continue, the CRTC will explore all available regulatory options.” Telus did not respond to a request for comment on the refusal. The Vancouver-based company first broached the fee with the CRTC over the summer, saying it could apply to credit card payments made in Alberta and B.C. for regulated home telephone services. Telus began to charge a 1.5 per cent fee to clients paying by credit card in October in areas where services are not regulated by the CRTC, including its wireless and internet customers outsi
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MA
Earnings
- 1/31/24 - Beat
MA
Sec Filings
- 4/19/24 - Form 4
- 4/17/24 - Form 144
- 4/16/24 - Form 4
- MA's page on the SEC website