Friday, September 26, 2008

Royal Bank of Scotland switches to Visa

As reported by the Wall Street Journal, the Royal Bank of Scotland, one of the largest debit card issuers in the UK and the USA will be switching to Visa for all of their debit cards. The switchover will begin in mid 2009. With debit cards use growing, this is a big setback for MasterCard, which has a smaller market share than Visa.

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