"They competed on the basis of raising prices. What other industry do you know that gets away with that?"Visa and Mastercard are in a battle to win hearts and minds and wallets... of banks. This article is a very interesting read on how, by INCREASING fees and turning them over to banks, they are winning large business.
From the NYTimes: 'How Visa, Using Fees Behind Its Debit Card, Dominates a Market'. Here is the link: http://fluentnews.com/s/22698623
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