good for competition (Score 2, Insightful)

Visa and Mastercard control about 80 percent of the credit card industry. This would be great for retailers and gas station owners who get socked with ridiculous interchange fees when consumers use the credit option instead of debit. I'm working with the Merchants Payment Coalition and this is an example of a great move toward increased competition in the credit card industry. More information is available at http://www.unfaircreditcardfees.com./