Given the whirlwind of recent events, it seems like ages since January, when one of our payments experts Larry Pruss weighed in on Visa’s acquisition of Plaid, API aggregator for P2P players such as Venmo. He discussed what this combination could mean for banks and credit unions going forward, reinforcing two key points:
- Financial institutions are hungry for objective expert opinions on market developments; and
- The strategic moves of major industry vendors – not just their direct competitors – can have a major impact on their competitive position.
