Credit card rewards are mostly funded out of interchange, a fee paid by businesses to accept cards.| Bits about Money
Check cashing, as a business, is a poorly understood "alternative" financial service.| Bits about Money
Payroll processors exist to provide financial infrastructure and because political economy is complicated.| Bits about Money
Jurisdictional gamesmanship is a common strategy for crypto businesses. Here is how it worked out for Binance and its CEO. Spoiler: poorly.| Bits about Money
The structural reasons why banks sometimes behave bizarrely in interactions with customers, like forgetting things which customers tell them.| Bits about Money
Know Your Customer policies at financial institutions have more nuance than you'd expect.| Bits about Money