Justice Department accuses Visa of debit network monopoly that affects price of 'nearly everything’
www.cnbc.com
Visa and Mastercard have surged over the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.
  • NateNate60@lemmy.world
    1·
    3 months ago

    That’s essentially what FedNow wants to be, except the goal is to replace the debit card network.

    Trying to start a new debit card network is a chicken-and-egg problem.

    • knightly the Sneptaur@pawb.social
      1·
      3 months ago

      Not when you’re a government.

      Mandate that payment processors have to support the state debit network and you’ll be on half the terminals in the country in three months.