paf0@lemmy.world to News@lemmy.world · 3 days agoJustice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’www.cnbc.comexternal-linkmessage-square110fedilinkarrow-up1774arrow-down12cross-posted to: news@hexbear.netaboringdystopia@lemmy.worldantitrust@lemmy.mlbrainworms@lemm.ee
arrow-up1772arrow-down1external-linkJustice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’www.cnbc.compaf0@lemmy.world to News@lemmy.world · 3 days agomessage-square110fedilinkcross-posted to: news@hexbear.netaboringdystopia@lemmy.worldantitrust@lemmy.mlbrainworms@lemm.ee
minus-squareNateNate60@lemmy.worldlinkfedilinkarrow-up1·edit-220 hours agoThat’s essentially what FedNow wants to be, except the goal is to replace the debit card network. Trying to start a new debit card network is a chicken-and-egg problem.
minus-squareknightly the Sneptaur@pawb.sociallinkfedilinkarrow-up1·18 hours agoNot when you’re a government. Mandate that payment processors have to support the state debit network and you’ll be on half the terminals in the country in under a year.
That’s essentially what FedNow wants to be, except the goal is to replace the debit card network.
Trying to start a new debit card network is a chicken-and-egg problem.
Not when you’re a government.
Mandate that payment processors have to support the state debit network and you’ll be on half the terminals in the country in under a year.