Reuters is reporting that "MasterCard drew a rebuke at a closed European Commission antitrust hearing last week after claiming incorrectly that Britain had dropped an investigation into its fees."

Mercator Advisory Group has released a new report, "EMV Beyond Payments: The Bonus Card Case Study". Mercator says "loyalty on EMV is frequently quoted as the magic application for profiting from EMV The liability shift was still many years away when Garanti Bank started its EMV migration project in November of 2000, shortly after its launch of a Bonus Program in April of the same year. Over the past six years Bonus Card program became a huge success for the Garanti Bank and carried it to a leadership position in the Turkish card market. From 2000 to 2005, Garanti Bank gained over 6% market share on the acquiring side and more than 14% on the issuing side."   » Continue Reading