Visa hopes to entice Latinos into money-transfer business:
Eager to accelerate the growing trend away from the use of cash and checks, Visa International is pushing plastic in Latin America.
Visa - composed of thousands of banks that issue credit and debit cards - has launched an aggressive campaign to capture a bigger piece of the $40 billion in remittance payments migrant workers annually send to their families in Latin America...
Many of those sending remittances are illegal aliens, and the banking lobby supports the use of Mickey Mouse foreign ID cards that those illegal aliens use to open bank accounts as described in "Their money or your safety". Remittances are bad for the reasons outlined here. See also "The Fastest Way To [profit from illegal immigration]" for information on Western Union.
Immigration2004 · Wed, 12/29/2004 - 11:24 · · Importance: 1
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