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All this talk of regulating Google, Facebook, Twitter. What about Visa and Mastercard? How is acceptable for so much power to rest in the hands of such a small

All this talk of regulating Google, Facebook, Twitter. What about Visa and Mastercard? How is acceptable for so much power to rest in the hands of such a small number of companies?

rc_kas 8y ago
Would Stripe or Paypal ever create their own credit cards?
- thehoopyfrood 8y ago
  Stripe already does: https://stripe.com/issuing https://stripe.com/issuing Granted, it seems geared towards businesses who want programatic control of the credit cards they own, but still.
  - ceejayoz 8y ago
    If the graphics on that page are anything to go by, they're issuing Visa cards, not their own independent solution.
  - rc_kas 8y ago
    That looks like its a Visa card still.
cwkoss 8y ago
When Mastercard and Visa blocked transactions to Wikileaks in 2011, it created the first bitcoin bubble.
CardFellow 8y ago
The problem is that as far as pricing is concerned, regulating at the interchange level isn't going to have the effect people want. That's what happened with the Durbin Amendment.. it capped regulated debit at 0.05% and 22 cents at the interchange level... but processors can still add whatever fees they want on top of that.