Posted AT 10:14 PM EST on 17/11/08
Banks get go-ahead to issue both Visa, MasterCard
The head of the Competition Bureau is ushering in a new era of credit card competition that she hopes will lead to increased choice and better service for consumers.
In a letter to the country's major financial institutions, commissioner Sheridan Scott says she believes banks should be allowed to issue both Visa and MasterCard branded credit cards.
Up until now, Canada's banks have had to choose one or the other.
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