3 ms·
IMO, if Google fails at it so spectacularly (with Google Checkout - a true blight on Google), then this is a hard effing business. If you read "Founders at Work
by ScottWhigham 17y ago
IMO, if Google fails at it so spectacularly (with Google Checkout - a true blight on Google), then this is a hard effing business. If you read "Founders at Work", it has a great story/interview with one of the founders of PayPal, Max Levchin. He talks about why PayPal succeeded where others failed. The main gist of it was that PayPal was able to come up with better fraud detection algos and, by doing so, were able to "save" tens of millions each month that their competitors were losing to fraud.