Wow, what happened here? These 2 companies are usually cutthroat. Has debit card... | Hacker News

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		bediger4000 on May 19, 2023 \| parent \| context \| favorite \| on: Visa and Mastercard agree to lower average credit ... Wow, what happened here? These 2 companies are usually cutthroat. Has debit card transactions cut into their profits that much?

arcticbull on May 19, 2023 [–]

Visa and Mastercard operates many global debit networks, too. Visa Interlink, Mastercard Maestro, Discover Pulse for instance. 72% of US card present debit volume.

Not in Canada, mind you, that remains squarely Interac for card present transactions. Even on dual-branded cards with Visa-binned card numbers.

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