The knives come out: Visa, Mastercard will charge PayPal and Google for their mobile wallets

I do not see how the mobile wallet hurts MC/Visa. If all it is doing is allowing you to charge a purchase on your existing MC/Visa, the CC companies should love that it is easier than ever to make charges. Now, if they set up a rival credit network that would be a different thing.
 
they don't necessarily get the info as to WHERE the card was used from Google/PayPal.... That hurts their ability to target offers based on purchases.
 
they don't necessarily get the info as to WHERE the card was used from Google/PayPal.... That hurts their ability to target offers based on purchases.

The merchant had to get the card info, just like they would with a regular card. How else will the merchant be able to collect the money.
 
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