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In Control with Natasha Vernier
The In Control podcast explores the finance of everything, through conversations with people who’ve done it, built it, or experienced it firsthand. Join host Natasha Vernier as she sits down with leaders, innovators, and experts across the financial industry to explore how it all really works. The focus is on learning aloud and making complex topics accessible.
In Control with Natasha Vernier
How To Move Money with Will Messina, CEO & Co-Founder of Grailpay
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
I hadn't written a check (or cheque if you’re British/ Canadian) since I was 12… and then I moved to America.
Two years in, I use a modern fintech bank but I still can't send money to anyone without using a third-party app. Why do I need Venmo to split a dinner bill?
The payments system here in the US is NUTS! So I asked Will Messina, CEO of GrailPay, to help me understand it better.
We cover:
- Why businesses still mail checks like it's 1987
- How Venmo actually makes money (it's not from moving money)
- Why banks charge $20 for a wire transfer
- What stablecoins will actually be used for.
One thing that blew my mind: Delta makes $2 billion a quarter from payments alone - they're basically a payments company that happens to fly planes.
So if you’re as baffled as I was by how banking works in the US, this one’s for you.