> pay for all the points people get More like stagnant growth and very few levers to increase their (Visa/Mcard) bottom line - which, of course, shareholders d

> pay for all the points people get More like stagnant growth and very few levers to increase their (Visa/Mcard) bottom line - which, of course, shareholders demand. Issuing banks and acquirers deal with the points people get. Source: was in the industry for a dozen years.