There is no competition in the duopoly that is MasterCard / Visa, and so there will be no improvement in service. They don't have to build things customers want to not go out of business.
The solution is something like Section 230 but for CC vendors. If Visa processes an illegal payment and the government finds out, Visa is off the hook, and the merchant gets a letter from the government. The payment processor has a duty to report, and that's it.
The solution is something like Section 230 but for CC vendors. If Visa processes an illegal payment and the government finds out, Visa is off the hook, and the merchant gets a letter from the government. The payment processor has a duty to report, and that's it.