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MASTERCARD INTERNATIONAL RESPONSE TO NEW YORK STATE CONSUMER PROTECTION BOARD

 MASTERCARD INTERNATIONAL RESPONSE TO NEW YORK STATE
 CONSUMER PROTECTION BOARD
 NEW YORK, Aug. 31 /PRNewswire/ -- The following is a written response by MasterCard International regarding a CPB press release dated Aug. 31, 1992, and entitled "CPB Says Supermarket Acceptance of Credit Cards Troublesome":
 For the vast majority of cardholders who use their credit card responsibly, the acceptance of credit cards in supermarkets actually provides convenience and value. Credit card acceptance also enhances supermarket merchants' efforts to provide one-stop shopping for convenience-oriented consumers by making available such non-grocery items as flowers, health and beauty products and housewares, among others.
 Credit card acceptance and usage in supermarkets has dramatically increased because it corresponds to consumer demand for choice in payment options.
 Consumer research indicates that the majority (60 percent) of consumers who are using their cards in supermarkets are not paying interest on any monthly transactions.
 Finally, credit card use by shoppers allows them to take advantage of advertised as well as unadvertised specials so they can stock up on items they need the most when they cost the least.
 -0- 8/31/92
 /CONTACT: Steven M. Apesos of MasterCard International, 212-649-5476/ CO: MasterCard International ST: New York IN: FIN SU:


GK-LD -- NY082 -- 5173 08/31/92 17:56 EDT
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Publication:PR Newswire
Date:Aug 31, 1992
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