News for hackers. Stuff that matters.
Re:Visa and Mastercard agree to lower average credit card in... by AmericanChopper on Friday May 19, 2023 @05:08AM (#35999498)
That’s a promo rate, and only available to certain merchants. Wait until it becomes profitable in “3 to 4 years”. The only real opportunity these systems have to increase efficiency is to not offer consumer fraud protections, which is obviously of questionable value to the consumers.
Re:Visa and Mastercard agree to lower average credit card in... by kalleboo on Friday May 19, 2023 @06:20AM (#35999861)
EU interchange rates are regulated to 0.2% for debit and 0.3% for credit and they offer fraud protection just fine