paf0@lemmy.world to News@lemmy.world · 1 month agoJustice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’www.cnbc.comexternal-linkmessage-square102fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkJustice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’www.cnbc.compaf0@lemmy.world to News@lemmy.world · 1 month agomessage-square102fedilink
minus-squareknightly the Sneptaur@pawb.sociallinkfedilinkarrow-up0·1 month agoIf you’re aware of what a back-of-card network is then you should understand how transformative a state-backed zero-fee interchange would be.
minus-squareNateNate60@lemmy.worldlinkfedilinkarrow-up0·edit-21 month agoThat’s essentially what FedNow wants to be, except the goal is to replace the debit card network. Trying to start a new debit card network is a chicken-and-egg problem.
If you’re aware of what a back-of-card network is then you should understand how transformative a state-backed zero-fee interchange would be.
That’s essentially what FedNow wants to be, except the goal is to replace the debit card network.
Trying to start a new debit card network is a chicken-and-egg problem.