Network Routing Competition

Every credit card should have multiple networks enabled to process transactions. Multiple networks are required for debit cards and this requirement should be expanded to include credit cards. Doing so will foster innovation, help contain costs, and more importantly create important redundancies in case one network goes down, ensuring the transaction can still be processed on another network. Additionally, requiring multiple networks on a credit card will foster innovation and advancements in security as networks compete for both bank and retailer business.