MK: Isracard is robbing the poor in the periphery

22.03.2012                      28.Adar. 5772                      Jom Kippur Katan

Wirtschaft:

MK: Isracard is robbing the poor in the periphery

Credit card issuer whose practices sparked change looks for way around it, charges Shai Hermesh.

Isracard is robbing the poor living in the periphery, snarled MK Shai Hermesh of Kadima on Wednesday in his frustration with reports that implementation of his law to promote competition among credit card companies could be held up because Isracard and its rivals are fighting over its interpretation.
Isracard says the law, which is supposed to go into effect on May 15, would force it to allow all credit clearing companies to process transactions made with its credit cards. But the law doesn't mention price….