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Comment on Mastercard release a statement about game stores, payment processors and adult content

I remember seeing a graphic that was about every layer of companies that are interacted with when you use a credit card. Must have been at least like 6 layers of companies each taking a fee from a company that took fees higher up the chain closer to the consumer

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chaospatterns@lemmy.world ⁨3⁩ ⁨days⁩ ago

buy a stock through a company like Fidelity where is the stock actually held and that was layers of public/private companies/corporations

The Depository Trust Company

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- commander@lemmy.world ⁨3⁩ ⁨days⁩ ago
  I learned that. It was the whole chain to get to that point and how that organization even came to be and how they came to be and how it’s regulated that was a bit disgusting with how make shift it seemed to me. The whole stack all came off as a multi decade saga of stapling org on top of org until we came to the present of things mostly work but it’s a bit fragile with a mix of public and private regulators trying to hold things together and make old paper systems work with modern technology
  
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