Reforming Retail

What The Global Payments RIF Reveals about The State of Legacy Payments

Global Payments acquired Worldpay, which was a fantastic quick flip for GTCR who basically doubled their money in two years. Achieving that outcome on businesses the size of Worldpay means somebody got...

Another Toast Rate Increase, And A Merchant’s Way Out

Toast has built a great company but the markets aren’t rewarding their performance. Which makes us wonder how much this explains Toast’s latest rate increase. Look, payments are perfectly indexed...

Pay By Bank Will Never Work. Instant Bank Pay Is The Future

We’re going to set the stage with a little history. For hundreds of years, humans had been conducting commerce with a physical transfer of stores of value. It may have been a simple barter – take my...

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...

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