It’s pretty interesting to see what MasterCard is lobbying for. In this case it seems to all be good for the consumer. Better security and hopefully lower fees and rates.

“MasterCard International Inc. spent $1.8 million in 2007 to lobby on Internet-related issues and on fees merchants pay when customers use credit cards.

The company spent $880,000 lobbying in the first half of the year on financial literacy, data security, microchip technology and fees banks pay to credit card networks.”

source: http://www.businessweek.com/ap/financialnews/D8V6AFF01.htm