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Norway and Denmark have national card schemes (BankAxept and Dankort) which are used for virtually all PoS transactions. They cost a fraction of the transaction
by cowbolt 3y ago
Norway and Denmark have national card schemes (BankAxept and Dankort) which are used for virtually all PoS transactions. They cost a fraction of the transaction costs that Visa and Mastercard charge. These arose by banks agreeing to a standardized solution.
Was there ever any attempt to do something similar in the US?
- AaronM 3y agoDoubtful; the card processors would probably lobby hard against it, and given our current state of politics would never pass