I am literally the CEO of LitePay, I know the CEO's of the other infrastructure companies, and it is NOT what our business are doing with the Debit Card product.
We take the risk as a service to the community, and the product is a cost center.
We take the risk as a service to the community, and the product is a cost center.
JPMorgan Chase could just as well say it issues mortgages and accepts deposits as a service to the country, that its retail operation is a cost centre for the real business of this or that. (It was popular, before the crisis, for banks to claim mortgages were simply a cost centre for winning wealth management and investment banking business.)
The business you're in is the business from which you earn profits and in respect of which you hold risks. Railroads and trucks [1], McDonald's and real estate [2]...this is an adage in business as old as commerce.
[1] http://www.lessonsoffailure.com/tag/railroads/
[2] https://qz.com/965779/mcdonalds-isnt-really-a-fast-food-chai...