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Electronic Value Exchange

Dave Stearns
2 mentions · 1 episode · 1 podcast
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Visa artwork
AcquiredNov 27, 2023
Episode
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David thanks Dave Stearns for writing the best book on Visa and its history, which was his PhD thesis turned into a book.

Sentiment: Highly Recommended
Trigger: Visa and its history
For: Listeners interested in financial systems and Visa's impact
Key quote: Well, we are starting actually with a big thank you to Dave Stearns, author of what is undeniably the very best book on Visa and its history, Electronic Value Exchange.
The host mentions 'Electronic Value Exchange' as the best book on Visa and its history, highlighting its significance in understanding the financial infrastructure. The author, Dave Stearns, contributed valuable insights during the research process for the episode.
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Dave Stearns writes in his book about this whole situation and about Dee, emphasizing the importance of shorter projects with uncompromising deadlines.

Sentiment: Passing Reference
Trigger: Visa automated clearinghouse
For: Individuals interested in banking technology and financial history.
Key quote: It ends up saving about $15 million in labor and postage costs to the banks by automating this just in year one.
The host references 'Dave's book' to highlight the significant advancements made by Visa in automating their clearinghouse system. This mention serves to illustrate the historical context and impact of these technological developments on transaction settlement times.