Credit card processing standards are heavily industry regulated. At least in the US. There are some state and federal laws but it’s mostly Visa, Discover, and other cc companies that regulate and develop these standards. They have the teeth to stop all your credit card processing if you don’t meet their requirements. Frankly, they actually do have decent security protocols and practices.
They take it seriously because they really don’t want the government to mess with processing fees and whatever else makes them money. In some ways I’d rather it be regulated, but the current gov shouldn’t be trusted with anything.
Really? And did they self regulate their fees? Oh wait no, it took EU enforcement to cut down their fees and stop businesses passing them onto customers. The EU also enforced more security regulation, and more use of those by the banks themselves using these credit card processors who washed their hands of levels of security
What’s the deal with these shitty comments? Every time I say anything on this platform it’s the same reddit bullshit. Always trying to checkmate someone and always aggressive questions that are really statements calling me an asshole.
I didn’t make capitalism or credit cards or regulations. I was just trying to add content. I’m all for the EU developing actual protections for consumers, but I guess I’m a dipshit for leaving a comment and trying to interact. Sorry. I won’t interrupt the circle jerk again.
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Credit card processing standards are heavily industry regulated. At least in the US. There are some state and federal laws but it’s mostly Visa, Discover, and other cc companies that regulate and develop these standards. They have the teeth to stop all your credit card processing if you don’t meet their requirements. Frankly, they actually do have decent security protocols and practices.
They take it seriously because they really don’t want the government to mess with processing fees and whatever else makes them money. In some ways I’d rather it be regulated, but the current gov shouldn’t be trusted with anything.
They are HEAVY censorers of a multitude of people. They arent regulated themselves.
Really? And did they self regulate their fees? Oh wait no, it took EU enforcement to cut down their fees and stop businesses passing them onto customers. The EU also enforced more security regulation, and more use of those by the banks themselves using these credit card processors who washed their hands of levels of security
What’s the deal with these shitty comments? Every time I say anything on this platform it’s the same reddit bullshit. Always trying to checkmate someone and always aggressive questions that are really statements calling me an asshole.
I didn’t make capitalism or credit cards or regulations. I was just trying to add content. I’m all for the EU developing actual protections for consumers, but I guess I’m a dipshit for leaving a comment and trying to interact. Sorry. I won’t interrupt the circle jerk again.
Nah, you should keep posting and people who come at people like they stabbed their mother’s should take a break to touch grass