You are drastically underestimating the value and control that the processor networks bring. Wells Fargo might underwrite the credit on my credit card, but I w

You are drastically underestimating the value and control that the processor networks bring. Wells Fargo might underwrite the credit on my credit card, but I would immediately cancel that line of credit if it wasn’t accessible through the Visa network. The value of a credit card isn’t just the line of credit, it is the near universal and frictionless acceptance as a method of payment.