modesty, by skelekitten

On Monday, I told you all about a MasterCard fine schedule but I was unsure on when it was going to start.  Well, as it turns out Level 2 and 3 merchants are being fined NOW, not sometime after the December 2010 date.

That’s right, some Level 2 merchants have already received their first $25K fine from MasterCard under their new fine program. Apparently, that’s how many of the acquirer’s found out about the program!

This post originally appeared on BrandenWilliams.com.