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Byrne Hobart: Why Airline Loyalty Programs Are Really Just FinTech Companies

"World of DaaS"

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How Do Credit Card Costs Decline?

As the costs have gone down, so a lot of those costs are ultimately tied to moore's law. So they've been declining really, really fast since fresnow. As the cost declined, the two things you can do if you're in a market where your underlying costs have declined are cuse the threeThings you can do. One thing you can do is got prices. And another thing you find which side of the network is most sensitive to getting better economics and you give them better economic rewards. But because you're geting a lot, you're more willing to spend with your card. We we end it up with this equilibrium where the fees are pretty high,. A lot of

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