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Re: Future of support for telephone rotary dial ?

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Dave Garland wrote:

Osmium wrote:
> There are _lots_ of players. Visa & MC are franchise operations, the
> issuing banks set the rates. I believe AE is more or less monolithic,
> as is Discover.

Yeah, I kinda knew that about the franchises. but I don't think it changes
my thinking much  There are no magic numbers (such as 2 or 3) for collusion.
The fees still seem unrealistically high to me.

I am hung up on the possible losses.  Say that each citizen, on his 20th
birthday gets a credit card. Some of them will pay off their debt and some
will not.  Create a file named "Losers" and put the names of the bad people
in the file. (Require the SS number to get a credit card.) If you don't go
in the file you are entitled to 50 years, or 18,250 days of shopping.
Assume the United States permits sharing of the information in the "Losers"
files.

Do the interest rate charged seem commensurate with the possible loss?  If
not, might collusion be a contributor to the rate?

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Thread

Re: Future of support for telephone rotary dial ? "Osmium" <r124c4u102@comcast.net> - 2015-11-04 15:56 -0600
  Re: Future of support for telephone rotary dial ? "Osmium" <r124c4u102@comcast.net> - 2015-11-04 16:06 -0600
  Re: Future of support for telephone rotary dial ? - CC Dan Espen <despen@verizon.net> - 2015-11-04 22:35 -0500

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