Also, Visa was originally run as a non-profit until 2007, and was co-owned by al... | Hacker News

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MSD1976 on July 26, 2019 | parent | context | favorite | on: A History of Visa

Also, Visa was originally run as a non-profit until 2007, and was co-owned by all its member banks.

wffurr on July 26, 2019 [–]

Complete mystery why they allowed it to become a for-profit entity. Are those member banks now shareholders? Does that mean they are profiting on the backs of all new entrants?

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