MasterCard Worldwide has released the results of a survey that is meant to undercut the impact of a petition on card interchange that the 7-Eleven convenience store chain plans to deliver tomorrow.
The retail chain said it will deliver the more than 1.6 million signatures in 130 boxes to Congress after a Sept. 30 press conference at the U.S. Capitol. The chain collected the signatures through petition pads at its check out terminals.
"Electronic payments provide extraordinary value to consumers, merchants and the economy," said Chris McWilton, president, U.S. Markets at MasterCard Worldwide. "Consumers appreciate that the ability to use a payment card is a win-win for them and for the merchants they visit. It's undeniable that electronic payments drive value for all merchants."
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"It's surprising that 7-Eleven, a company that prides itself on convenience, would mount such an aggressive campaign against the most convenient form of payment. Even 7-Eleven itself has said many times that accepting payment cards increases their sales, enhances safety and convenience for store operators, and improves customer satisfaction," said McWilton.
McWilton joined other MasterCard executives in disparaging the 7-Eleven survey, pointing out that it was an "unrestricted" and, they suggested, therefore unscientific collection of signatures whereas their survey had been conducted in a scientific and controlled manner, they contended.
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