[TheSpiceIsLife]

I don't follow why a bank can't see cash flow? I live in Australia, and here almost everyone is using PayPass by MasterCard or PayWave by VISA - both are contactless PINless card payments. All those transactions have to go in to the merchants bank account.

[x0x0]

Um, sure -- but they get bulk deposited, not individual transactions. The merchant account is what sees the individual transactions, and that bank generally isn't the one businesses go to for loans afaik.

[TheSpiceIsLife]

Oh yeah, true. Excuse my ignorance. Although in Australia the merchant banks also do business lending.