MasterCard to impose revenue requirements on member banks

Northwestern Financial Review, Feb 1-Feb 14, 2004

>Beginning March 31, MasterCard International will impose a new minimum of $200,000 of annual revenue on its members, up from the current threshold of $12,000. Banks that fall short of this new minimum will need to either make up the difference with a cash payment or opt to change their membership status to "affiliate" from "principal." Both principal and affiliate members may sign up merchants and issue cards but only principal members may sponsor companies in lower categories of membership; affiliate members must be sponsored by a principal member.