Mastercard International Incorporated

Summary: Mastercard supports the OCC's interim final rule and order, arguing that the Illinois Interchange Fee Prohibition Act (IFPA) is operationally impractical and threatens the uniformity of the national payment card system. The company contends that the OCC's actions provide necessary regulatory certainty by affirming national banks' authority to charge non-interest fees and by preempting state-specific restrictions that would disrupt interstate banking.