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Damn...waiving transaction fees is probably valuable enough to merchants, they would freely contract the right for the processor to utilize the information for
by will_brown 12y ago
Damn...waiving transaction fees is probably valuable enough to merchants, they would freely contract the right for the processor to utilize the information for those purposes.
However, that information would still be non-public and likely run afoul of insider trading. That said nothing prohibits companies from making this information public in real-time and maybe it makes sense for the SEC to require publicly traded companies to make this information public in real-time.
- sokoloff 12y agoI imagine this might fall under the mosaic theory (that non-insiders are able to undertake original research to correlate a wide variety of individually non-material data to form an opinion about a security). As far as I know, such actions (by non-insiders) do not fall afoul of insider trading prohibitions. Otherwise, how would stock analysis work? Whether a card processor's handling of financial transaction flow would be viewed as non-insider is something that I don't know. I can make reasonable arguments either way.