[niceguy1827]

Your comment seems to miss the point. It is totally possible to enable the first two of your bullet points without Visa or Mastercard, for example banks could just give lines of credit directly to consumers. Indeed, the myriad of loan products is run without Visa and Mastercard.

[SomeUserName432]

Yet if the airline goes under, or I never receive the product I bought online, using Visa/Mastercard I'm not left holding the bag.

If I take a random loan with the bank and use those funds to do the same purchases using debit, then I'm the one taking the loss.