It’s been a few years since this happened.
We’re under attack by the Southern Poverty Law Center (SPLC)…
For years, the SPLC has labeled the Freedom Center a hate group and tried to get organizations like Amazon, Facebook and Twitter to ban us and silence our message.
Yesterday, SPLC finally convinced MasterCard and Visa to cut us off. Now we can’t process donations from any major credit card companies.
This was David Horowitz’s email. The Visa/Mastercard duopoly backed off when the Freedom Center fought back. It still remains a threat.
Banks and credit card companies are discussing ways to identify purchases of guns in their payment systems, a move that could be a prelude to restricting such transactions. The financial companies have explored creating a new credit card code for firearms dealers, similar to how they code restaurants or department stores. Another idea would require merchants to share information about specific firearm products consumers are buying. Such data could allow banks to restrict purchases at certain businesses or monitor them.
Visa is now seeing an actual antitrust investigation.
The U.S. Department of Justice has launched an antitrust investigation into Visa Inc.’s practices regarding debit-card transactions…
In its suit against Visa last year, the Justice Department said Visa already possessed monopoly power in the market for online debit-card transactions, arguing that roughly 70% of such transactions in the U.S. routed over the firm’s network.
I suspect that the beneficiaries of this are more likely to be Big Tech fintech companies. But frankly, at this point, any effort to decentralize the choking concentration of power in the hands of a few companies over our lives and businesses is welcome.