taperx

The Plan Has Failed - Cramer's Lightning Round (9/29/08)

Crammer is one of the analysts I would NEVER listen to!! Visa has a goal of using their product in every facet of any possible transaction. (credit or debit) With the age of direct deposit people just dont't go to their banks anymore. Debit cards will begin to flow all over the world and become common place in many developing countries. Visa's upside: the sky is the limit. Remember this even if you dont use credit, but you have a debit card, and you dont't have direct deposit and you deposit your payroll check in the atm at your bank, Visa makes money on that transaction! Everytime a card is used, Visa gets its toll, credit or debit!