Mastercard International Incorporated

Summary: Mastercard International Incorporated supports the OCC's interim final order and rule, arguing that the Illinois Interchange Fee Prohibition Act (IFPA) is operationally impracticable and creates significant instability for the national payment card system. The company contends that the IFPA is preempted by federal law because it interferes with the federally authorized powers of national banks and imposes burdensome, state-specific requirements on a nationwide infrastructure.