Issuers

“And so the issuer in interchange is traditionally keeping most of that interchange. And the reasons actually makes sense when you think about it, you know, especially in credit, they're taking on the risk. They're saying that merchant, we will pay you know, ev…”

“We use ML to optimize authorization requests for issuers, basically Identifying the optimized retry messaging and routing combinations to recover a big chunk of false declines, about 10%, so billions of dollars globally.”

“I think the problem in the credit card industry is that the issuers are so misaligned. They're often trying to like outsmart their customers, tell them we'll give you eight X points on this five X points on this incentivize your customers to spend more and eff…”

“And that was a signal that the industry had learned that when you make a giant mistake, you gotta write it off and move on. And the best thing to do is put issuers Back in, in at least the possibility of being solvent.”