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Originally Posted by kermey
so did the other banking regions simply refuse to adopt this procedure? ive allways worried that north america was an experiment and that it would effect all banking regions in the future.
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Correct kermey. All banking regions were presented with the same proposition from VISA International, and all refused outright, - with the exception of VISA North America.
The North American scenario *may be* more related to govt pressure than anything else - ie.. where a govt agency can now access data of website ownership, membership detail blah - of any websites participating in the "$750 club" - back to control freak world.
There also does not appear to be any plans by other banking regions to make any changes - tho, who knows what anyone could do in future.
In effect, it's actually the global banking regions who own credit card companies - without them, they would not exist.