what retailers do you think are anxious to assist Visa and MA with a new generation of payments that is more expensive than what they have already? Specifically, NFC is a credit card transaction.. carrying a 300-350bps rate. Although there is nothing to prohibit and NFC based debit card.. there are no banks (other than Discover/Barclays) that have stepped into this space. Visa and MA see NFC as the next great driver of CREDIT card transaction growth. Continue reading →