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Stripe was founded in 2011. Regardless of whether or not AmEx sees Stripe as a competitor/threat, they wasted 5 years not building out similar tech after the b
by WhitneyLand 10y ago
Stripe was founded in 2011. Regardless of whether or not AmEx sees Stripe as a competitor/threat, they wasted 5 years not building out similar tech after the blueprint was laid out at their feet.
- ChemicalWarfare 10y agoPayment processors like First Data and Cybersource have had these types of APIs available to their merchants since the late 90s actually. Since you mentioned Stripe - they are actually one of the cheapest options to process AmEx, depending on the volumes and CC/Debit breakdown even cheaper then going through AmEx directly in some cases. So again this is more of a business driver vs. the available tech thing.