Reforming Retail

US Banking Oligopoly Keeps Pay by Bank Unreasonably Expensive

At the point in the technology adoption lifecycle you’ve undoubtedly found yourself in a situation to pay by bank. Likely online, but still. And, if you’re a US resident, you’ve likely seen...

Shift4 Fees Surpass 97% CAGR But Are Still Undercounted

Nothing screams your business is dying louder than massive fee increases at every opportunity. Particularly when you’re perfectly hedged to inflation. Granted, Stripe, modern processor who’s still...

Olo Second Party Might Become Worst Thing for Restaurants Since OpenTable, Third Party Delivery

Broadly speaking, whenever you use a software platform the platform is a host to your data, but not its owner. Let’s say you’ve purchased a CRM tool, as an example. The records you upload into the...

Payment Bros Are Beating Private Equity Finance Bros and It’s Hilarious

This is genuinely funny. We need to begin by laying out how private equity works. Private equity is an asset class in finance that takes advantage of their scale (ie cheaper costs of capital) and structure (ie...

Payment Agent Compensation is Broken. This Is Where The Market Is Taking It

Back before software ate payments (although payments is now eating software), the payments world looked very different. Banks, who technically still represent merchants for acquiring, would partner with...

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