Norway and Denmark have national card schemes (BankAxept and Dankort) which are ... | Hacker News

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cowbolt on Nov 1, 2023 | parent | context | favorite | on: Reasons to fight cashless contagion

Norway and Denmark have national card schemes (BankAxept and Dankort) which are used for virtually all PoS transactions. They cost a fraction of the transaction costs that Visa and Mastercard charge. These arose by banks agreeing to a standardized solution.

Was there ever any attempt to do something similar in the US?

AaronM on Nov 1, 2023 [–]

Doubtful; the card processors would probably lobby hard against it, and given our current state of politics would never pass

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