Comment Re:Eh? (Score 1) 394
I've got no specific information about the US situation, but can testify that the situation is very similar in Norway. We've got BankAccept, that are a common debit-card system for all the national banks operating here. The fun thing about it is that the agreement have set transaction-cost quite low (fixed sum that equals ~2-3 cents per transfer, as opposed to percentace of all sales for Visa).
A fun result of that is that the average price level here would be 1-2% HIGHER in the whole country if all shops only could accept Visa and not being able to offer the debit card initiative. Competition in that market is also good.
A fun result of that is that the average price level here would be 1-2% HIGHER in the whole country if all shops only could accept Visa and not being able to offer the debit card initiative. Competition in that market is also good.
