United States - Visa and Mastercard beneficiaries of State Department lobbying effort
United States - Visa and Mastercard beneficiaries of State Department lobbying effort WikiLeaks Staff, 8 December 2010, 14.00 GMT More articles ... - U. S. Empire Secret Shopping List Visa and Mastercard both received lobbying support from the Department of State under President Obama, the latest Cablegate release reveals. A cable from the Moscow embassy, dated 1st February 2010, details a new Russian card processing law which the embassy said would “disadvantage U.S businesses”, and urged senior US officials to take action. ( click here ). “This draft law continues to disadvantage U.S. payment card market leaders Visa and MasterCard, whether they join the National Payment Card System or not,” it said. Russia was considering whether to implement a new system of card payments (called NPCS), which would create a new payment processor run by Russia’s state banks. This would then handle all processing for domestic banking in the country. “The fees for these servi...