"In a video address to a summit on "Trump accounts" in Washington, DC, on Wednesday, McInerney said that the company wants to "help families save for their children's future through everyday spending." A Visa spokesperson said the company will be "working with our US financial institution partners to enable a new capability that will offer cardholders the option to direct credit card rewards into Trump Accounts.""
""Through this new program, we are playing a part in this important effort to connect more people to the global economy, unlocking another channel for families to support their children, and ensuring the next generation has a stake in our country's future prosperity," McInerney said. Earlier on Wednesday, JPMorgan and Bank of America joined the list of companies that plan to match the federal government's $1,000 contribution to their employees' Trump accounts."
Visa plans to let cardholders direct credit card rewards into Trump Accounts to help families save for children through everyday spending. Visa CEO Ryan McInerney described the effort as connecting more people to the global economy and providing another channel for family support and intergenerational stake in prosperity. A Visa spokesperson said the company will work with US financial institution partners to enable the capability. President Donald Trump called the plan "a big deal." JPMorgan and Bank of America plan to match the federal $1,000 contribution for their employees' Trump accounts. Launch details and qualifying cards remain unavailable.
Read at Business Insider
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