Comment by m12k
12 hours ago
We desperately need to break Visa's stranglehold on access to the consumer side of commerce. As long as everyone's only innovating and competing on the merchant side of things, we're not really going to get anywhere.
12 hours ago
We desperately need to break Visa's stranglehold on access to the consumer side of commerce. As long as everyone's only innovating and competing on the merchant side of things, we're not really going to get anywhere.
You're free to make your own card network. How will you convince banks to issue your cards and merchants to accept them?
You mean like the EU digital wallet
You're free to try and make something like that.
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Are you prepared to protect customers by refunding them if they are victims of fraud when using your payment system? Visa and MasterCard are prepared to do that. That's how they could convince consumers to use their cards without worrying.
Clearly consumers do worry, since the ones found in this comment section are saying they refuse to use a card as it could be stolen.
Millions of card transactions are made every day. If consumers worried, they wouldn't have credit or debit cards and they wouldn't use credit or debit cards.
What a single hacker writes is on the other hand just what he wrote.
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