payments
What Your $100 Card Payment Actually Pays For
Interchange is the largest single fee in card payments — and the least understood. Follow the money through a $100 card transaction, see what each fee funds, and understand why regulation keeps backfiring.
Tokenized Deposits
The Missing Piece in Bank Tokenized Deposits
19 of the top 50 US banks are building tokenized deposit rails. But the interbank gap — the piece that makes them a real payment system — does not exist in production yet. Here is why that matters.
Quantum Computing
The Cryptography Behind Your Card Tap Has an Expiration Date
62% of payment professionals worry about quantum threats. Only 5% have a plan. The data encrypted today could be decrypted before 2056.
