Thanks to Frank's greed, soullessness, and corruption, the Direct Express deal is now being investigated. This was a highly valuable win for the company, and now the b-m is jeopardizing it. Terrible.
"...Fiserv’s faltering stock price is not the only source of intrigue related to the SSA and day-to-day IRS leader. Last month, Fifth Third Bank announced it was partnering with Fiserv to administer Direct Express, the federal government’s debit card program used primarily to pay government beneficiaries who lack a traditional bank account.
That news came less than a year after the Treasury Department’s Bureau of Fiscal Service initially awarded the financial agency agreement to Bank of New York-Mellon. Bloomberg reported that BNY-Mellon struggled to find a card issuer to partner on the project, and Fifth Third and Fiserv were the original third-place bidder for the deal, which is not subject to most contracting transparency rules, after Flagstaff Bank, which passed on the renewed solicitation.
Now, Sen. Ron Wyden, D-Ore., and Rep. John Larson, D-Conn., are investigating what Bisignano knew about the possible deal during his confirmation process or whether it influenced the decision to cease offering paper checks to Social Security beneficiaries, which effectively created a bevy of new Direct Express users, according to The Baltimore Sun. In fiscal 2024, Comerica Bank, who administered the program from the 2000s until earlier this year, was paid $920,564 to administer Direct Express..."
Link to source: https://www.govexec.com/oversight/2025/10/bisignano-draws-scrutiny-his-former-company-falters/409196/