Like Tom Hanks sustaining dialog with a Wilson volleyball, I sometimes let myself believe that my words mean more to my readers than is certainly the case. For most of you, scuttleblurb is just one of many resources you consume to get smarter about companies. But for me, a guy who reads and writes most […]
If you follow the payments space even casually, you are no doubt aware of the sequence of the mega mergers that have taken place between merchant acquirers and core processors this past year. Source: scuttleblurb and public filingsThe bolded companies in the table above are the surviving merged entities, their market caps and enterprise values […]
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Having covered merchant acquirers and card networks, I’m down to the final part of the payment edifice – issuer processors. Issuer processors are to card issuing banks what merchant acquirers are to merchants. They authorize and process transactions on behalf of card issuing banks under long-term agreements and recognize revenue based on a combination of […]
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In the payments space, the difference between a distributor and a competitor can be so blurry as to lose functional meaning. Mercury Payment was a significant ISO for legacy acquirers before Vantiv acquired it from Silver Lake. Stripe offers many of the same services as the legacy acquirers to whom it outsources transaction processing. Ditto […]
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This is Part 1 of what I expect will be a 3-part series on merchant acquirers and issuer-side payment processors [edit: 4-part series!]. It describes the basic mechanics of the merchant acquisition model and delves into how incumbent players like First Data, Global Payments, and Worldpay got to where they were prior the flurry of […]
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Your empty aluminum cans are collected and transported to a recycling center, where they are combined with other aluminum cans and crushed into a giant bale. That bale is shredded into scraps. Those scraps are melted down into a liquid that is poured into molds buried 10 meters underground and cast into massive 27-ton blocks, […]
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Related posts:[V – Visa; MA – Mastercard] Expanding the rails, Part 1[V – Visa; MA – Mastercard] Expanding the rails, Part 2How many companies are still posting consistent double-digit organic revenue growth doing essentially the same thing that they’ve done for the last 60 years? I can only think of two. Visa and Mastercard, as […]
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If I had to force rank industries most resistant to new technology, P&C insurance would be right up there with other notoriously innovation averse sectors like local government, life insurance, education, and healthcare. To some extent, this makes sense. Given the critical nature of their services, insurance carriers should be culturally biased towards minimizing downside […]
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