anon589

7 ms·

1. 1.▲
   by anon589 6y ago

   It’s probably less now though because we’ve seen a macro shift to debit from credit this year, which are cheaper to process and have much lower interchange fees, so processors that charge a fixed fee are keeping more of every transaction.
2. 2.▲
   by anon589 6y ago

   the Fed Reserve has been working on FedNow real time payments for a few years now. That could be a great achievement for replacing ACH and debit.
3. 3.▲
   by anon589 6y ago

   Outsourcing KYC is a questionable decision though - I’m wondering how much of a black box that is or you get the same info as if you implemented it yourself. There’s always false negatives for systems like this, and if Stripe wrongly tells
4. 4.▲
   by anon589 6y ago

   I think there’s going to be some reckoning in the payments industry in general, though, in the next 5-10 years. Covid has forced more businesses to go cashless and pay the 3% payment transaction toll, which is a hidden tax we all pay. Could
5. 5.▲
   by anon589 6y ago

   keyword is Treasury eg handling all the payment operations tasks that an in-house corporate treasury team that’s responsible for moving money in and out of the company’s bank accounts might complete