Our current payment infrastructure is based around private leased lines. If you really wanted to take on the payments industry you have to start with the infrastructure. Otherwise you are always at the mercy of a credit card processor just shutting you off.
Umm..
Credit card processors have other, more obvious ways of shutting you off that taking away a leased line.
The leased lines used for credit card processing are such a minor factor that you can pretty much ignore it. Yes, it is a weird way to do it, and no, if you were building a replacement you wouldn't use leased lines, but that isn't what is holding back payment technologies.
Umm..
Credit card processors have other, more obvious ways of shutting you off that taking away a leased line.
The leased lines used for credit card processing are such a minor factor that you can pretty much ignore it. Yes, it is a weird way to do it, and no, if you were building a replacement you wouldn't use leased lines, but that isn't what is holding back payment technologies.