person
Principal at AFM Consulting, quoted on interchange pressure and on the persistent difficulty of proving incremental lift in merchant-funded rewards.
No evidence-backed relationships are recorded.
Mastercard launched an AI tool that scores which suppliers will take card payments, aiming banks at what it sizes as an $80 trillion B2B payments market. Its first banks, Absa and Emirates NBD, now have to show how much check and ACH spend it moves onto cards.
Reality
Moov Money sends transfers to a recipient's existing debit card through Jack Henry's Banno platform and the card networks' push rails. Zelle already integrates with more than 2,300 institutions and moved more than $1.2 trillion last year.
Reality
Dorsey's 2024 pitch for melding Square and Cash App finally has a distribution number attached. The rebate that pulled the merchants in is capped at $10 a ticket and funded by Cash App for twelve months.
Reality
Google's new parent-controlled balance needs no bank account. Analysts call the banks' problem branding; the reporting points at unit economics and a missing product roadmap.
Reality
Capgemini puts global correspondent-adjacent payments revenue near $230 billion. Two of its four components are paid for time and currency position, which is what faster settlement removes.
Reality
A $2.9 trillion-asset bank is acquiring a rewards fintech because interchange no longer looks reliable enough to pay for points. The price is undisclosed.
Reality