Taken over by DOGE, the Treasury payment system processes over 1 billion payments a year. What are the implications for financial institutions & customers? I asked 4 experts to join me in discussion.
FYI Open Letter to Visa and Bank of America CEOs plus leaders of other Visa financial institutions sent as part of today's action: A Day Without Visa. Not holding my breath but hoping it gets more folks pressing for end of the Visa/X deal, causing Musk some pain.
Thanks for sharing. However, financial institutions have relationships with Visa that are financially consequential. They might have more leverage to change things.
Yes, as both ex-Visa and ex-banker I know this. I also know extremely well that getting banks on-board with showing some spine will require demand from both retail and commercial customers.
FYI Open Letter to Visa and Bank of America CEOs plus leaders of other Visa financial institutions sent as part of today's action: A Day Without Visa. Not holding my breath but hoping it gets more folks pressing for end of the Visa/X deal, causing Musk some pain.
https://bsky.app/profile/libertybiddy.bsky.social/post/3limyfb7i422e
Everyone with a Visa card has a lever to change the course of Musk plans - this event just the start
https://events.pol-rev.com/events/1592e1dc-d235-4380-881f-05121af91384
Thanks for sharing. However, financial institutions have relationships with Visa that are financially consequential. They might have more leverage to change things.
Yes, as both ex-Visa and ex-banker I know this. I also know extremely well that getting banks on-board with showing some spine will require demand from both retail and commercial customers.
Thank you for this vital conversation. It does beg the question, where was ABA, ICBA, CBA, etc. when all this was going down?!
Exactly the right question! Thanks for reading!
Terrific conversation! Scary for sure
Thanks for listening! Yes, it is scary. So many points of failure, big failure.