I couldn't have put it better myself. If you look at the history of Visa & interchange fees, they've gone UP precisely because banks are competing to deliver mo

I couldn't have put it better myself. If you look at the history of Visa & interchange fees, they've gone UP precisely because banks are competing to deliver more benefits to their customers. The "lower fee" advocacy is mainly coming from merchants. It's easy to sell a lower-fee system to merchants. But Marc Andreessen needs to ask: what's in it for consumers?