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.
-
-
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, I can say that if@Square implements my method, the merchants would accept the exact same cards. Profits would
.1 reply 0 retweets 1 like -
Replying to @BrianRoemmele
@BrianRoemmele So enticing! 3-D Secure? Level 2 data? So many interchange optimizations, so little time. Thanks for the insightful tweets.1 reply 0 retweets 1 like
@gmillikan Geoff, thank you! Yes so very true. My method is actually much simpler. Perhaps why @Square has completely missed it.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.