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Thread: USA Merchants Reach Credit Card Surcharge Rights Agreement [Effective 1.27.2013]
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Old Mar 4, 2019, 10:47 am
  #466  
mikesyr18
 
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Originally Posted by tmiw
Depends on what you're regulating. Adequate regulation, for instance, likely would have gotten chip and PIN (not signature) supported at nearly 100% of US merchants and banks by now...
...
Adopting chip and PIN isn't really a price control, which is what I'm arguing against.

I could see some merchants dropping card support - particularly small salons and restaurants if chip and PIN was mandated by legislation.

I don't see an issue with adding 4 additional card network competitors. Banks might win as well since they'll get sweeter offers to support cards from eight different networks.
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