Anatomy of a credit card rewards program
Credit card rewards are mostly funded out of interchange, a fee paid by businesses to accept cards.
I write roughly biweekly on the intersection of tech, financial infrastructure, and systems thinking. It's free.
Credit card rewards are mostly funded out of interchange, a fee paid by businesses to accept cards.
Ever wondered about what happens when banks are closed or why some apps have operating hours? It's fascinating.
Check cashing, as a business, is a poorly understood "alternative" financial service.