company
Consultancy whose principal, Aaron McPherson, supplied the skeptical view on merchant-funded reward measurement.
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