MasterCard and Visa scuffle in new debate on duality

Visa International and MasterCard International Inc have taken opposing positions on the question of dual issuance of debit and business cards. Duality was adopted for consumer credit cards in 1975. Some Visa executives regret this move, and Visa's new line of business products will prohibit duality. MasterCard favors dual-issued cards and sees Visa's policy as an attempt to restrict customer choice and hold on to its market share.
Suddenly, everyone in the credit card industry seems to be talking about duality - a contentious issue that was supposedly resolved long ago. Dual card issuance - banks offering both [...]