If you think this is }^}+]^ing bonkers fifty years into the widespread use of credit cards and would like to perform an in-flight upgrade of (a fraction of) the global economy, https://stripe.com/jobs https://twitter.com/harisenbon79/status/1206396575452319744 …
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And believe me the first time you see the stats on error rates it is a very this meme moment:pic.twitter.com/Sc46x67nIp
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“What percentage is it Patrick?” I don’t think we quote it publicly but it is higher than your first guess.
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Credit cards are still extremely important infrastructure, and I’m extremely glad the world has them, but they’ve tolerated pre-computer levels of operational errors for far, far too long.
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A question I periodically find interesting: “What’s your best estimate of how many people in the world are working on X?” For authorization rates, I think it is less than a thousand, total. Credit cards process trillions with a T dollars every year.
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Replying to @patio11
Do you think that 1K people include everyone working on Dunning management? Its such a key area
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That’s a worthy problem too, but most folks doing that are downstream of the auth rate and can’t affect it directly.
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