@[email protected] to [email protected] • 4 months agoJustice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’www.cnbc.comexternal-linkmessage-square113fedilinkarrow-up1787arrow-down13cross-posted to: hackernews[email protected]
arrow-up1784arrow-down1external-linkJustice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’www.cnbc.com@[email protected] to [email protected] • 4 months agomessage-square113fedilinkcross-posted to: hackernews[email protected]
minus-square@[email protected]linkfedilink1•edit-24 months 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.
minus-squareknightly the Sneptaurlinkfedilink1•edit-23 months agoNot when you’re a government. Mandate that payment processors have to support the state debit network and you’ll be on half the terminals in the country in three months.
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.
Not when you’re a government.
Mandate that payment processors have to support the state debit network and you’ll be on half the terminals in the country in three months.