reviseddamage

wot?

it's not in the least bit funny and the author is not implying that a 28 year old can't be a good manager. The author is comparing 1980's, 1990's tech work and now, and is making a point that amongst other observations, its also a new phenomenon for a younger person now in the tech world to be a manager to older staffers.

take a break.

Visa and MC are responsible for that, and Visa and MC will say that the regulatory frameworks in these countries dictate that level of pricing.

I have to also assume this has already been considered in the game theory. So something else unexpected, unpredictable perhaps.

Edit: The more I think about it, doing nothing would be most optimal. Doing nothing is so much more cost effective when you know it's a inevitable decline.

there is evidence some "code" but it's not very good.

I have never understood that argument, I've heard it many times though.

You would freely give out the private key of your credit card (credit card number/expiry date/cvv) to any online merchant, but hesitate on authing your bank account user/pass which you can change anytime you want?

smh.

Not bank account, prepaid card account; which carries almost the same legal requirements of opening a bank account. Prepaid program managers are not required to credit check to establish the account.

The mitigation they are referring to is the deceptive recurring billing fraud.

>No card issuer is going to verify a transaction of any significant value without AVS

irl, Card acquirers do verify transactions without AVS, but they charge higher provided the merchant can demonstrate pre-transaction fraud mitigation

>AVS dropped fraud rates on card-not-present transactions dramatically, and it'd skyrocket without it.

AVS was less than moderately effective 6-7 years back, but it's less effective now, almost not at all. Most "researchers" have the card dumps with the addresses already so AVS does nothing to decrease the attack surface. Pre-transaction approval risk mitigation and post transaction fraud review is the only thing that works.

^ the hero we deserve

nah

viral is the real good one.

we're used to a lot, a few more is ok.

Burn rate, churn, runway, incubator, cottage, organic, stale, etc

From 1950:

"What concerns me, as somebody who has absolutely zero interest in computers or electronics or whatever, is that as electronic devices become more and more ubiquitous, I'll probably still end up with some kind of quasi-electronic garbage in my house. Either because I didn't mean to purchase it, or because there was no alternative because in the future every under-sink washing apparatus requires electronic connection or some nonsense.

That is also not what I was implying. Banking shell companies is a very high risk activity frowned upon by the OCC as most of the time they are mismanaged. Only larger banks have the flexibility and the bandwidth, and the contingency to manage them. It would seem only likely the the bank that is already banking Stripe, would be the likely one to also bank the shell co's that would be processing through Stripe. Easier on the bank to have oversight and line of sight of the business activities. SVB on the other hand without having other oversight on Stripe, really no vested interest in Stripe's success, and much smaller bandwidth and risk management resources is the banking partner for the shell co's, that is strange, which is what I noted. It is not a normal and natural event, hence my original question.

No one said that Atlas was directed at fintech.

That's anecdotal testimony really isn't it? and it's not true for fintech startups, SVB doesn't even bank Stripe's core payfac business. Other than the namesake, most fintech payment companies use WF, Fifth Third, Chase, Comerica or Cross-River.

Why SVB and not WF? Seems odd that the sponsor bank for your payfac distribution, that has more resources than SVB, won't equally house the account for this new vertical. Any particular reason?

oh ok. good.

tbh, vc's apply the same rationale before investing. no?

you're not suggesting that China is Uber's Battle of Waterloo, are you?

This is a really shitty thing to ask but have you cleared this text with your general counsel?

Obama?

I'm surprised they hadn't done that earlier.

While I don't how they can prove that the traffic primarily through those VPNs were infringing on copyrighted material, it is easier to prove that traffic through a VPN is attacking Paypal accounts for user or transaction fraud.

and the vultures are showing up looking for a carcass http://www.marketwatch.com/story/shareholder-alert-levi-kors...

I'm trying to figure out who will play him in the Hollywood movie about him.

>It's pretty well known that tees made using 1920s-era loopwheeling machines don't suffer from size changes, and age really well

Well don't I feel stupid, I didn't know this pretty well known thing. Thanks for the share. :)

The US also has a similar service, Clearxchange.

that's fantastic news and congrats on your deal with Stripe and your new funding.