Anand Goel was quoted throughout this article published in Digital Transactions June 2013 issue by Elizabeth Whalen on network fees.
When MasterCard Inc.’s new digital-wallet fee takes effect this month, it will join a growing list of other fees imposed by the two largest payment card networks.
These fees and related charges, which are separate from interchange, generate billions of dollars for MasterCard and Visa Inc. and please their investors, but critics say they impose unjustified costs on merchants and consumers, and may even pose risks to the networks themselves by encouraging new, lower-cost competitors to challenge them.
