News for hackers. Stuff that matters.

A comment on Anatomy of a credit card rewards program. Parent comment

Re:Anatomy of a credit card rewards program by abalone on Thursday April 04, 2024 @01:08PM (#39933141)
Also true for Australia! When they regulated interchange, merchants did not pass the savings on to consumers.[1]

[1] https://laweconcenter.org/resources/the-effects-of-price-con...

[ Parent | on HN ]
Re:Anatomy of a credit card rewards program by eltondegeneres on Thursday April 04, 2024 @01:45PM (#39933638)
That think tank is funded[1] by the anti-regulation Charles Koch Institute and the article should be read with that in mind.

[1]: https://www.influencewatch.org/non-profit/international-poli...

[ Parent | on HN ]
Re:Anatomy of a credit card rewards program by scarface_74 on Thursday April 04, 2024 @03:25PM (#39934726)
That may be true. But do you in your heart of hearts think that companies are going to pass those savings on to consumers?
[ Parent | on HN ]