In an unprecedented move, ConocoPhillips is about to reduce credit card fees for the second time in a month, Oil Express learns. As a result, the refiner's marketers will now pay the lowest fees in the industry for Visa, and the second lowest for MasterCard. "We have been monitoring market conditions and the resulting impact on our customers' credit card processing fee expenses," says a ConPhil marketing exec. "The average street price has continued to increase and has created a greater cost burden for our marketers. This additional reduction represents our commitment to keeping our credit card processing fees competitive."
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