Fintech Insider Podcast by 11:FS cover image

675. Insights: Is the USA world-beating when it comes to payments?

Fintech Insider Podcast by 11:FS

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The Wine Metaphor of the Payments Industry, Wayne?

Ray Trey: What's holding back movement in the payments industry? Ray Trey: It's who's indemnifying this? Who's carrying the liability in this transaction? In the case of Jamie Dimon, Jamie is. A happy path of payments is frankly very cheap and very easy; go lose a million dollars,. The rest of the transactions get real expensive real quick. All right, well, we'll be back very, very shortly with a few more wine metaphors...

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