Hacker News Reader

For fuck's sake, do some basic research. Literally at the top of the wikipedia article:

> Visa does not issue cards, extend credit or set rates and fees for consumers; rather, Visa provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid and cash-access programs to their customers.

View on HN

That doesn't make it any less of a duopoly. The whole point of the article is that visa/mc have too much power and there is a lot of systemic risk by having only two competitors in this industry in particular.

Even if they aren't extending credit they're still facilitating the transaction - it's not like the visa sticker is on there for marketing purposes

Not what we're talking about in the OP comment.

That's what I was talking about - even if they aren't charging fees, they're involved.

There's plenty of cases in technology where "but we don't do anything with your data!" is not a good enough excuse. Many of us still argue for decentralization or federation or user controlled data, etc. Similar concerns I have for visa.

I get the impression you don't think much of me. That's ok, but why did you feel the need to tell me?

alt_f4 is a troll. I don't think they understand what we're arguing about lol

your mum is a troll

Reply on news.ycombinator.com