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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.22+1.8%Nov 28 9:30 AM EST

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To: ms.smartest.person who wrote (107904)9/4/2000 4:03:39 PM
From: Glenn D. Rudolph  Read Replies (1) of 164684
 
Of course, AMZN could just issue their own credit cards, which they probably already have.

Merry,

I believe they do but any credit card is still a version of Mastercard, Visa, American Express, Discover and a few smaller firms. These are franchises. The banks that issue cards license the franchises. Currently, the FTC is investigating Master Card and VISA for a possible violation of monopoly powers. Specifically, not permitting financial institutions that offer a Master Card or Visa to also offer American Express and Discover.

Glenn
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