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Visa Inc. - The 12 Trillion Dollar Money Machine
Released in 2024, Visa Inc. - The 12 Trillion Dollar Money Machine chronicles the transformation of a 1958 Bank of America credit card program into Visa, today the world’s largest payments network processing over $12 trillion annually. The documentary traces founder Dee Hock’s revolutionary 1960s-70s creation of a decentralized, member-owned association that evolved into Visa Inc., its landmark 2008 IPO, the introduction of contactless payments, VisaNet’s unmatched transaction speed, and fierce competition with Mastercard, Amex, and emerging fintech players. Featuring interviews with former CEOs, merchants, regulators, and industry analysts, it examines Visa’s dominance of global electronic payments, its role in financial inclusion and cashless societies, interchange fee controversies, antitrust battles, and the ongoing challenge from digital wallets and cryptocurrencies.
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