Mark Moss
👤 SpeakerAppearances Over Time
Podcast Appearances
That's giving the debt because they're the ones that are making the spread.
If you were to scroll back up a second where it said Amex, so let's see where it said Amex.
Yeah, but see what it says right there?
Amex also acts as a credit issuer and bears credit risk.
So MasterCard and Visa don't.
They're not issuers.
They don't bear credit risk.
I would exclude the banks because obviously they're going to have profits from other areas.
But I think Amex, I think Capital One.
Right, that's why I said Capital One.
Maybe Discover that you called it earlier.
Well, we're waiting for that to come up.
I mean, just price is 101.
Look at Capital One right there.
Negative 8.8.
That's not a minus.
That's an approximate.
But again, Discover off.
Okay, how do you process this?
If you go up and read Discover, if you scroll up just a tad right there, you'll see Discover also has additional income that's sort of like a Visa MasterCard network.