MasterCard Canada, a unit of MasterCard Inc. (MA), said Monday that it has submitted its comments on the Minister of Finance's Draft Code of Conduct for the Credit and Debit Industry.
MasterCard said overall it supports the objectives of the code and is not recommending dramatic changes to the draft. Its comments were limited to clarification, details of operational implementation, and commercial viability.
The draft Code balances the interests of various players in the payments system including addressing the concerns of small merchants, MasterCard noted and added that it recommends the maintenance of that equilibrium as the code is finalized.
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