interchange

3 statements across 2 episodes · 0 bullish · 2 bearish · 2 people on the record · first statement Jan 2, 2019 by Alex Rampell · across every show →

Everything said about interchange, oldest first

Jan 2, 2019
Assertion Contradicted
Rampell: Eliminating credit card interchange fees would double Target's profit
“Target, big retailer in the US, has about a 1.5% net margin, so net income over revenue. If interchange went away, they would double their profit.”
Alex Rampell Jan 2, 2019 ▶ 12:33 a16z Podcast | The Future of Money and Monetization
Jan 2, 2019 negative
Assertion Partly supported
Rampell: Capping Australian interchange fees eliminated rewards cards and increased fees
“Like, so, Australia has interchange at 49 and a half basis points by law, and now, I mean, and this is not me supporting Visa. It's more of, It's very peculiar that you have an industry where when prices go down, consumers can be worse off. In Australia, now t…”
Alex Rampell Jan 2, 2019 ▶ 14:56 a16z Podcast | The Future of Money and Monetization
Jun 20, 2024 negative
Opinion
Khalaf: Merchants complaining about card interchange fees ignore massive ad tech costs
“So regarding the payment rails, I agree with Zach. It's a yes, but the but is bigger than the yes, because if you look at, ah, all the folks that are honestly complaining about the interchange. Okay, let's talk about it. These are the same people who are payin…”
Simon Khalaf Jun 20, 2024 ▶ 16:53 Zach Perret (Plaid) & Simon Khalaf (Marqeta): New Applications in Fintech
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