Harvey Golub Effect Quotations

We wanted to hopefully get more volume, but if it had a negative effect on MasterCard or Visa, I certainly wouldn't have objected to that. I would have been very enthusiastic about it.

The penalty for any bank that decides to issue cards on the Discover or American Express networks is severe. Visa and MasterCard rules are clear. They will throw banks out of their network, thus having the effect that banks must exit the retail banking business.