3 ms·

We did. We had American Express, Diner's Club, Discover (the old Sears) ,department store cards, gas station cards, Bankamericard (Visa) and Interbank (Masterc

We did. We had American Express, Diner's Club, Discover (the old Sears) ,department store cards, gas station cards, Bankamericard (Visa) and Interbank (Mastercard). In the 1960s there were hundreds of credit cards. Visa and Mastercard won the free market battle.

munk-a 8y ago
Forming a cartel is not "winning a free market battle" it is kicking the free market out of your business domain.