Re: How about Cardplayer getting into the processing business ??
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But the reality is that while it's not "already" over it is very likely over in the near future (6 - 8 months).
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More speculation. I prefer to wait and see -- and not run around in hysteria before the facts are known. (Like claiming my banker is going to jail for allowing me to use my debit card, geesh)
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I've designed and run payment systems. ... I've worked with Visa, MasterCard, banks, ACH/EFT networks, etc. I've had to design interfaces into their protocols and APIs and know what they can and can't do and/or how easy or difficult it is for them to do something.
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Excellent. Then you also know it's not like flipping a switch and shutting down every debit card in the US. People have to do it, people have to monitor it -- on a regular basis. We're not just talking debit cards, but credit cards, bank wires, ACH's, paper checks, Ewallets, Western Union, Moneygrams, and ways no one has even thought of that can be used to move money.
Yes, there will be an undue burden on small banks, and yes they will bitch. It's not so easy as you would have us believe.
But then, you could go into a little more detail, and explain exactly why you believe it will be easy. Tell us what's involved.
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