VISA was started as an almost cooperative organization between banks. VISA itself isn’t much other than a protocol and contractual agreements between banks. T

VISA was started as an almost cooperative organization between banks. VISA itself isn’t much other than a protocol and contractual agreements between banks. The technology is fine, could be better, but it would take some pretty compelling new cost savings measures to convince the banks to go in on something new. There’s stuff like Apple Pay and Google Pay which are sort of new in they lease some of the protocol’s “address space” to do their own type of payment processing.