Thank you.
One of my colleagues suggested at some earlier meeting that we all want more competition. There are only two major card companies, Visa and MasterCard, and there are at least six banks or more. Would it make sense or would it be technically feasible for the interchange rates to be set by the banks rather than the credit card companies? That would seem to lead to potentially more competition, but it possibly wouldn't work. This is why I'm asking the question.
Maybe we'll go to Professor Ware on that one.