Comment on Dwolla is going to eliminate ACHparentComments−michaelleland14y> Who owns ACH? The banks do.But they don't own Visa or Mastercard. Visa and Mastercard do. And yet the banks play the Visa/Mastercard game.−mbreese14yActually, the banks used to own Mastercard. It's now publicly traded (since 2006), but it was originally a cooperative owned by the participating banks.−ecopoesis14yThe banks also used to own Visa. It was originally called BankAmericard and changed its name when it became owned by a consortium of banks.
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> Who owns ACH? The banks do.
But they don't own Visa or Mastercard. Visa and Mastercard do. And yet the banks play the Visa/Mastercard game.
Actually, the banks used to own Mastercard. It's now publicly traded (since 2006), but it was originally a cooperative owned by the participating banks.
The banks also used to own Visa. It was originally called BankAmericard and changed its name when it became owned by a consortium of banks.