Draft Code of Conduct for the Credit and Debit Card Industry

Posted on November 19, 2009

A proposed Code of Conduct for the Credit and Debit Card Industry was released by the Federal Government of Canada today for a 60 day comment period. Its purpose is to improve merchant cost-transparency and allow merchants to provide flexible pricing options to consumers. It is proposing to accomplish this by allowing merchants to provide discounts depending on what cards consumers use, and by allowing merchants to cancel contracts without penalty after a fee change.

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