Main issue is companies really do not want to become banks because it opens a ton of new regulations on them. That’s why square fought so hard for an industrial bank charter which allows them to skirt oversight
Funny though, because there was a time when almost every franchise chain had credit cards. The French supermarket Carrefour for example still has credit cards
Main issue is companies really do not want to become banks because it opens a ton of new regulations on them. That’s why square fought so hard for an industrial bank charter which allows them to skirt oversight
Funny though, because there was a time when almost every franchise chain had credit cards. The French supermarket Carrefour for example still has credit cards