In other words: if you start a company that innovates and competes against the big boys, you should have criminal and civil immunity, because any accusations against you are conspiracies.
Also, how are they going up against Visa? They don't issue their own cards, but rather, are competing against the likes of PayPal, Bank of America, and Authorize.net.
It is speculated that eventually Square will cut out credit cards, creating their own network (perhaps using ACH instead) to reduce their costs. This would be a threat to Visa.
Also, how are they going up against Visa? They don't issue their own cards, but rather, are competing against the likes of PayPal, Bank of America, and Authorize.net.