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Seems to me Visa & MC would do well to have an "age verification" option for their cards, so a merchant can verify a person is 18+ or 21+ or whatever. Yeah it would mean some change to their system, but it seems pretty simple. Presumably they know who has the cards...they don't sell prepaid cards anonymously do they?
I think overall they made the right business call, giving CC's to kids, as they spend a lot of money. But at the same time it's going to eat into some of their other revenue from companies who want age verification.
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