AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min snip
Visa
Acquired
Unauthorized Transactions, Unsecured Lending, and High Delinquency Rates
An authorized transaction leaves the money with the bank, creating more capital and float. Bank of America's indiscriminate mailing of 65,000 credit cards resulted in significant fraud and a 22% default or delinquency rate, much higher than their traditional lending rates.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode