|
Shifting liability seems to me to be the likeliest Chase's actual motivation, like how chip & PIN in Europe was primarily motivated by changing burden-of-proof for fraud, not preventing fraud Plausible reasons I can think of for why Chase would want to do this: - Liability shift - Reduce the size of the merchant fee pie, but take a bigger slice so they end up with more - Split lending from payment processing so that (1) interest fee loans go away, and (2) you get payment processing money from purchases made by people you wouldn't loan to - Redo payment backend without needing legacy support so its cheaper to operate
|
#
¿
Sep 26, 2022 19:13
|
|
|
|
| # ¿ May 11, 2024 20:06 |
|
|
Main Paineframe posted:How does JP Morgan make money on that? Someone is going to have to pay fees at some point in the transaction, otherwise the service wouldn't make any money. They might subsidize it in the short-term to give themselves a foothold, but in the long run they'll be charging someone for this service, and merchants are the natural target to slap fees on.
|
|
#
¿
Sep 26, 2022 20:00
|
|
|
evilweasel posted:here's the problem (and it has been the same problem for every single "replace credit cards to cut down on fees!"): why do i, the guy getting 1-5% back by paying with my credit card and have all those fraud protections, pay with your bank thing instead? 2) Merchant is now picking from: - support credit cards, pay big fees on credit transactions - support instant payment, pay small fees on those transactions - support cash, have to deal with handling cash If most people have instant payment capability, merchants can drop credit without having to go to full cash-only. The customer has no reason to avoid credit, but the merchant does, and if most people are still capable of electronic payments using what they already have in their wallet, it probably doesn't lose many sales.
|
|
#
¿
Sep 27, 2022 02:23
|
|
|
Jaxyon posted:like it's great that he's claiming that but he's not the executive so he can't actually do that, right? For documents where someone claims that, a 3rd party (typically the trial judge) looks at it and says "Yes, this is you talking to your attorney and none of exemptions X, Y, or Z apply" or "No, this is not actually privileged, the other side gets to see it"
|
|
#
¿
Oct 8, 2022 01:36
|
|
|
Zwabu posted:Edit: on reflection the nitrogen method might not be too bad because the main feeling of not breathing enough is due to not eliminating CO2 rather than being short of oxygen which mainly makes you feel faint. Since your breathing is unimpeded and you still eliminate CO2 freely, there might not be too much distress from the decline in oxygen, especially if it's rapid. But I'd still go for the IV method assuming not too much difficulty getting an IV in place.
|
|
#
¿
Oct 9, 2022 01:44
|
|
|
Leon Trotsky 2012 posted:The assassination was a disaster for the U.S. textile and oil industries It doesn't extract or refine oil, and is too small and too poor to be a significant export market. There's a bunch of unproven geological evidence of maybe-large reserves, but nobody's ever extracted or done exploration. Knit textiles are the majority of Haiti's exports, mostly t-shirts and mostly to the US. But it's not very much from the US's perspective, it's about 1% of the US imports in that tariff category. It matters to the specific companies with factories there, but not to the industry as a whole
|
|
#
¿
Oct 19, 2022 17:31
|
|
|
Fister Roboto posted:Regardless of the actual explanation, though, what we can see of it is 1-2 senators obstructing the party's agenda and a party leadership that is seemingly unable to stop them.
|
|
#
¿
Nov 14, 2022 04:12
|
|
|
|
| # ¿ May 11, 2024 20:06 |
|
|
Pragmatically, Manchin is one of the more valuable Democratic senators and Sinema is one of the least. According to polling, local elections, and other state elections, a Democrat has no business winning a statewide election in West Virginia. Trump won the state in 2020 by about 40%, doing better than in any state except Wyoming. If you replace Manchin with a median generic Democrat (or even just a Manchin clone with identical positions but no personal brand), they almost certainly just lose the election. A senator that confirms your party's appointees, gives you control of the legislative agenda and committees, and torpeedos your legislation 90% of the time is still better than a Republican one that votes against you 100% of the time. A 49:1:50 Democrat:Manchin:Republican senate is better than a 49:51 Democrat:Republican one.
|
|
#
¿
Dec 10, 2022 06:18
|
|