[some_random]

Right, but what's the risk to the financial system paulusthe was talking about above in an airline partnering with Chase and Mastercard to to offer a credit card? The lender in all cases isn't going to be the airline, right?

[lotsofpulp]

For sure, the airline is never the lender on a branded credit card, and takes in no credit risk. It will be a licensed a bank.