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What does disintermediate mean?

Looking for the meaning or definition of the word disintermediate? Here's what it means.

Verb
  1. (business, banking, finance) To carry out disintermediation.
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Examples
It may disintermediate, the dollar, the pound, Visa, Mastercard, and banks.
For instance, in education Khan Academy is threatening to disintermediate large education institutions that control the means of production and the means of access.
Insurance company profits have now been cut and we know some are trying to disintermediate agents, so the contract pulling will begin in a year or so.
Later in an interview with Credit Union Times, Roberts disputed rumors that MCX was seeking to disintermediate Visa and Mastercard from payments.

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