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Old May 1, 2013 | 9:31 am
  #15  
mia
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Here is another incentive for banks to open new card accounts, even if the accounts do not appear profitable:

[MasterCard Inc] also said rebates and incentives increased 12% to $657 million. MasterCard makes such payments to its clients when it signs new contracts or renews existing agreements and when banks reach volume goals. Rising incentive payments have been a concern for investors of both MasterCard and Visa in recent quarters as the payment networks have competed to secure new business.
http://online.wsj.com/article/SB1000...913330702.html
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