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A comment on Visa, Mastercard Agree to Lower Swipe Fees, Settling Long-Running Lawsuit. Parent comment

Re:Visa, Mastercard Agree to Lower Swipe Fees, Settling Long... by dheera on Tuesday March 26, 2024 @01:06PM (#39830244)
> but if it didn't exist we would be BEGGING someone to come and run it this smoothly

I disagree, if they didn't exist and the need existed it would be fairly easy to get a company going to facilitate payments.

China for one has settled on mobile app payments via QR codes for almost everything these days, credit cards are almost nonexistent.

[ Parent | on HN ]
Re:Visa, Mastercard Agree to Lower Swipe Fees, Settling Long... by bombcar on Thursday March 28, 2024 @10:49AM (#39852290)
The US credit card system is build around manually copying down credit information and mailing it in once a month to a processing center.

Other countries have strongly leveraged the ability for instant communication to do many more things.

[ Parent | on HN ]