The Trustly Blog
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Open Banking
Regulation
June 23, 2023
5 minutes
What The Credit Card Competition Act Means for Open Banking
The Credit Card Competition Act requires the largest credit-card-issuing financial institutions in the country to enable at least two credit card networks to be used on their credit cards instead of just one, and at least one of those networks must be a network other than the Visa/Mastercard duopoly.
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