Free Market
Author:
Gregory Bresiger
Online Publish Date:
Free Market 17, no. 3 (March 1999) Duality is the Visa and MasterCard management policy that allows banks doing business with one to issue both credit cards. It is a is questioned in court, the Justice Department has announced that duality is “anti-competitive.” It has staked the success of a huge lawsuit against Visa and MasterCard the company was changing its bylaws to prohibit duality. “AmeriCard submits that competition between the two competing bank-card systems must not be lessened and that