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m12ktoday at 11:20 AM2 repliesview on HN

We desperately need to break Visa's stranglehold on access to the consumer side of commerce. As long as everyone's only innovating and competing on the merchant side of things, we're not really going to get anywhere.


Replies

inigyoutoday at 11:40 AM

You're free to make your own card network. How will you convince banks to issue your cards and merchants to accept them?

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carlosjobimtoday at 1:01 PM

Are you prepared to protect customers by refunding them if they are victims of fraud when using your payment system? Visa and MasterCard are prepared to do that. That's how they could convince consumers to use their cards without worrying.

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