Stripe’s Acquisition of Bridge is a Stroke of Genius

Stripe unveils AI foundation model for payments, reveals ‘deeper partnership’ with Nvidia | TechCrunch

Fintech giant Stripe announced Wednesday a slew of new product launches at its annual Stripe Sessions user event. The highlights include a new AI

Stripe will reportedly acquire AI gateway startup OpenRouter for $7B+ | TechCrunch

OpenRouter's CEO recently described the startup as Stripe for AI.

Manifest Financial | Banking Solutions for Creators

Crafted specifically for creators, streamlining financial management with seamless payments and effortless expense tracking—all in one place.

The Co-Holding Puzzle: New Evidence from Transaction-Level Data

The tendency of consumers to hold low-yield liquid savings while simultaneously holding high-cost unsecured credit on revolving credit lines is a long standing

How Stripe’s document databases supported 99.999% uptime with zero-downtime data migrations

In this blog post we’ll share an overview of Stripe’s database infrastructure and discuss the design and application of the Data Movement Platform.

Analyzing Bank Overdraft Fees with Big Data

In 2012, consumers paid $32 billion in overdraft fees, representing the single largest source of revenue for banks from demand deposit accounts during this period. Owing to consumer attrition caused by overdraft fees and potential government regulations to reform these fees, financial institutions have become motivated to investigate their overdraft fee structures. Banks need to balance the revenue generated from overdraft fees with consumer dissatisfaction and potential churn caused by these fees. However, no empirical research has been conducted to explain consumer responses to overdraft fees or to evaluate alternative pricing strategies associated with these fees. In this research, we propose a dynamic structural model with consumer monitoring costs and dissatisfaction associated with overdraft fees. We apply the model to an enterprise-level data set of more than 500,000 accounts with a history of 450 days, providing a total of 200 million transactions. We find that consumers heavily discount the future and potentially overdraw because of impulsive spending. However, we also find that high monitoring costs hinder consumers’ effort to track their balance accurately; consequently, consumers may overdraw because of rational inattention. The large data set is necessary because of the infrequent nature of overdrafts; however, it also engenders computational challenges, which we address by using parallel computing techniques. Our policy simulations show that alternative pricing strategies may increase bank revenue and improve consumer welfare. Fixed bill schedules and overdraft waiver programs may also enhance social welfare. This paper explains consumer responses to overdraft fees and evaluates alternative pricing strategies associated with these fees. The online appendices are available at https://doi.org/10.1287/mksc.2018.1106 .

Unpacking the Mechanics of Conduit Debt Financing

Understanding the pass-through financing model behind the AI infrastructure boom

Rewards and Misperceived Spending: Experimental Evidence from Credit Cards

Using proprietary data, a survey, and an experiment with a major bank in China, this paper studies how credit card rewards affect perceived and actual consumer

Online Payment Services

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What Do Consumers Really Pay on Their Checking and Credit Card Accounts? Explicit, Implicit, and Avoidable Costs

(May 2009)

Credit Card Debt Puzzle: Liquid Assets to Pay Bills

Using transaction data from a US consumer payments diary, we revisit the credit card debt puzzle—a scenario in which consumers revolve credit card debt while al

30 Revenue model cards (B2B)

Explore these revenue model examples for B2B, and find new ways your organization could be making money.

Five US tech giants' hidden debts soar to $1.65tn on opaque AI funding

Data center leases, GPU supply contracts raise liabilities at Meta, Oracle, Nikkei study shows

Time to Act: A Field Experiment on Overdraft Alerts

Despite the growth of digital banking and the rapidly expanding offering of money management applications, a substantial proportion of banking customers still i

Monopoly money: The effect of payment coupling and form on spending behavior.

Precautionary borrowing and the credit card debt puzzle