Surprised how a convo with a well known VC has created so much interest: A method @Sqaure can use to save millions in transaction costs.
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Replying to @BrianRoemmele
@BrianRoemmele Are you saying this a cost reduction for@Square or for its merchants? Durbin related?1 reply 0 retweets 1 like -
Replying to @gmillikan
@gmillikan@Square Geoff, great question! The saving would be to@Square, they can choose to lower rates. Available before Durbin, not used.1 reply 0 retweets 0 likes -
Replying to @BrianRoemmele
@BrianRoemmele Can you throw 1 more bone? Is savings based on filling out forms w/brands or optimizing fields in transaction message?2 replies 0 retweets 1 like
Replying to @gmillikan
@gmillikan Geoff, thanks for asking! I hear ya. The savings @Square would receive would not need extra forms.
8:45 AM - 4 Aug 2015
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