Acquired
Visa
David Rosenthal
B of A now starts going around to all the other consumer banks in other states and selling them on joining the network as Bank of America card licensees. And the deal is that you pay B of A a $25,000 franchise fee to get your franchise of the Bank of America card. This is like a Wendy's or something. Plus then you pay them a percentage of the gross transaction revenues.
0
💬
0
Comments
Log in to comment.
There are no comments yet.