Opportunity and Difficulty: The Gifts of History in US Payments
Simone Golob/Corbis

Opportunity and Difficulty: The Gifts of History in US Payments

The US payments system is gnarly in many senses of that word: both attractive and challenging.  I was at a FinTech event a few hours ago that showcased both aspects-- money folks looking for investment opportunities and startups trying to explain what they do.  Q&A over a drink can provide some insights, but an understanding of how today's world became so gnarly provides a framework for sorting wheat from chaff in the blizzard of payments news. So I recently spent some time writing what I hope is a  not-too-tedious piece on the topic; you can read it here.

Sachin Mehra

Solution Architect | Information Security | Cloud | AI

9 年

Very well articulated !!

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Nicely written. Now what? Can we step back and think again on how it all started? It started with two people doing the business directly without any involvement of anyone. No question of fraud - direct exchange. Earth is round and looks like the business is as well.

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Jim Shanahan

Experienced Business and Nonprofit Executive

9 年

Insightful analysis

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