The interchange announcement that both MasterCard and Visa have already made moves in order to address Government of Canada’s concerns with regard to credit card acceptance costs. The Aimia Inc. has really appreciated this announcement. The company has been enticed by it.
The proposals to lessen interchange rates by more or less ten percent, as what the Minister of Finance has said, to an average rate of 1.50 percent for the next five years, offer a much more balanced response to the concerns of merchants while making sure to protect the interests of your customers.
According to Aimia, they are more than just pleased to the timing of this interchange announcement. This will help them address the uncertainty that has revolved this issue. The company also added that they are hoping for a rapid confirmation regarding how this plan will be implemented.
Aimia also stated that they are more than just confident that all the involved parties will always put their customers’ interest first above anything else when it comes to identifying how implementation of these changes should be. They also expect that the parties and community-at-large will be willing to pass any form of savings on to their customers.