Visa

7794.397 - 7818.003 David Rosenthal

So they standardize on the mag stripe for the cards. The next step then is they have to create a digital point of sale terminal. Now, this is pretty far outside the scope of what Visa itself could do, like mass produce a small, inexpensive piece of hardware that needs to get distributed to millions of merchants around the globe. That is outside their circle of competence. Yes.