Re:Can the Visa-Mastercard duopoly be broken?
by bastawhiz on Wednesday August 17, 2022 @09:24PM
(#32504077)
There's an important difference here: bank accounts are not credit. If my card is stolen and charges are racked up, I'm no poorer until the fraud is detected and resolved. You don't spend cash when you use a credit card, you spend credit. There isn't a legal remedy for this.
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Re:Can the Visa-Mastercard duopoly be broken?
by ClumsyPilot on Wednesday August 17, 2022 @09:51PM
(#32504259)
So a credit card is doable, but a credit account is beyong the capabilities of human civilisation. Its like breaking the light barrier
Re:Can the Visa-Mastercard duopoly be broken?
by sgerenser on Thursday August 18, 2022 @11:35PM
(#32517372)
What would the difference be between this hypothetical “credit account” with payment card attached to it and a credit card?
Re:Can the Visa-Mastercard duopoly be broken?
by imtringued on Friday August 19, 2022 @05:18AM
(#32518946)
Credit cards are effectively a second bank account in the former and in the latter "credit card" and bank account are merged as one.