What’s the point of Visa and Mastercard if it’s always from a bank? AmEx cards are produced and processed by them only and not any other processor, so why can’t banks make credit cards without Visa or Mastercard, or vice-versa?

Question

What’s the point of Visa and Mastercard if it’s always from a bank? AmEx cards are produced and processed by them only and not any other processor, so why can’t banks make credit cards without Visa or Mastercard, or vice-versa?

In: 942

Answer 1

I work in the vehicle management department of the statistics bureau of my country.

We have this credit card in every car that can only be used in gas stations. And only in the gas stations that have a register with this specific credit card Company.

And we have a different card from a different Company for the maintenance of the vehicles. Frequently drivers Will Go to gas stations or car shops that doesnt work with this type of payments and It is an administrative mess the reimbursements because more often than not the driver ends paying from his/her own money at First Just because its way easier than the public agency recognize the expanse and pay the companies quickly.

Imagine this at world scale.