MasterCard, Bank of America Amend Services Agreement
MasterCard has filed with the SEC notice that on December 27, 2006 it amended and restated its agreement with Bank of America relating to "certain pricing arrangements for Bank of America’s use of MasterCard’s core authorization, clearing and settlement services and certain supplemental user-pay services in the United States and certain other countries. The Agreement was amended to include new pricing arrangements in exchange for transaction volumes related to the issuance of MasterCard-branded debit cards by Bank of America." Today's notice follows last week's similar announcement from MasterCard regarding HSBC.
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