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#payments

19 Beiträge12 Beteiligte0 Beiträge heute

Here's what banks are saying about payments this earnings season

As talk of tariffs resurfaced ahead of second-quarter earnings last week, bankers and investors have been watching for signs of consumer weakness and slowed spending.

americanbanker.com/payments/ne

CREDIT-CARDS-ADOBE-STOCK
American Banker · Here's what banks are saying about payments this earnings seasonVon Joey Pizzolato
#FinTech#FinServ#Banking
Antwortete im Thread

Almost all of the online payment providers you interact with is backed by one of a handful of giant payment processors (eg PayPal and Stripe, or in China, AliPay and WeChatPay). That are essentially an API between you and the credit card company your card belongs to. That are, in turn. basically APIs between you and the company that hosts your bank accounts.

In other words, companies are squeezing on chokepoints between you and your bank.

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