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A comment on Home Depot Files Antitrust Lawsuit Against Visa, MasterCard. Parent comment

Re:Home Depot Files Antitrust Lawsuit Against Visa, MasterCard by snuxoll on Friday June 17, 2016 @01:22PM (#11924008)
Are you sure that's not 3% and 2%? When you consider the banks are on the hook for fradulent charges the interchange fee is their buffer to cover this (plus the myriad reward programs most banks offer).
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Re:Home Depot Files Antitrust Lawsuit Against Visa, MasterCard by germanier on Friday June 17, 2016 @01:28PM (#11924071)
Yes, those numbers are correct, see e.g. http://ec.europa.eu/competition/sectors/financial_services/e... and http://ec.europa.eu/competition/sectors/financial_services/p... for an overview.

Reward programs always have been a bit less pronounced here in Europe and mostly have been reduced after the regulation of interchange fees.

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Re:Home Depot Files Antitrust Lawsuit Against Visa, MasterCard by 1_2__3 on Saturday June 18, 2016 @01:20AM (#11927222)
Wow, it's almost as if capping the fees they can charge provides an incentive for the banks to aggressively pursue anti-fraud technologies that benefit everyone.

Naw, never mind this is the USA. Free market is all that matters.

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