Interbank Card Association, every mention
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tap a year for its mentions
every year anyone David Rosenthal 9Ben Gilbert 2
Verbatim, from the transcripts: the passages where Interbank Card Association comes up
Visa (Audio) · Acquired
- ▶ 49:34 David Rosenthal Those pretty quickly all merge into a national association called Interbank, which, spoiler alert, Interbank is MasterCard.
- ▶ 49:45 David Rosenthal But at this point in time, Interbank is a Franken network.
- ▶ 50:00 David Rosenthal How do you, as a consumer, know that my card that I got from XYZ, you know, I don't know, Bank of Illinois, that's part of the Interbank network, supposedly, now I go somewhere, I've got that card, it looks like one thing.
- ▶ 50:19 David Rosenthal I don't know that this is gonna work, even though it actually might work, because it's part of the MasterCard Interbank network.
- ▶ 1:21:24 Ben Gilbert So none of these banks are members of Interbank at this point.
- ▶ 1:33:42 David Rosenthal So, we talked about the need for the universality of a mark, and why early Interbank, that was a problem until they standardized on MasterCard.
- ▶ 1:37:30 Ben Gilbert The Interbank had changed to Master Charge.
- ▶ 1:55:28 David Rosenthal Interbank and MasterCard on joining the system, but there's all these problems with it, and they don't know how to build technology, and the whole thing dies on the vine.
- ▶ 1:55:40 David Rosenthal The other thing that happens is Interbank and MasterCard actually get involved in the project.
- ▶ 1:55:47 David Rosenthal The whole thing then morphs into a tripartite consortium of Interbank, American Express, and Bank of America, and thus by association, NBI.
- ▶ 3:38:28 David Rosenthal Interbank for the win.