I certainly agreed with the front-page headline on June 17, "Visa Check Card Seen Imperiling ATM Networks." The regional networks are in peril if they don't wake up to the not so new reality that the debit service, be it on-line or off-line, will eventually follow the route taken years ago by credit cards.

The credit card industry is built on a select few international consumer brands and an immense and highly efficient network of regional processors. That is exactly how the debit industry will eventually evolve.

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