Re:Canada 'sleepwalking' into cashless society, consumer adv...
by radicality on Sunday June 30, 2024 @02:33PM
(#40839037)
> any given bank can only have one credit card affiliated with it.
Is that true? Is that an actual law, or some anticompetitive terms&conditions from Visa and Mastercard? If anything feels like the law should ban this kind of anti competitive behavior.
Re:Canada 'sleepwalking' into cashless society, consumer adv...
by err4nt on Sunday June 30, 2024 @02:38PM
(#40839087)
It doesn't appear to be true if you check websites of Canadian banks (e.g. CIBC, RBC, BMO, Scotia…) they all offer Visa and Mastercard, and Scotia even also offers Amex as well.
Is that true? Is that an actual law, or some anticompetitive terms&conditions from Visa and Mastercard? If anything feels like the law should ban this kind of anti competitive behavior.