2 ms·

I'm aware of a large org actively moving the bulk of $3bn in volume from FiServ (formerly First Data) to Stripe. Stripe's valuation is higher because of their t

I'm aware of a large org actively moving the bulk of $3bn in volume from FiServ (formerly First Data) to Stripe. Stripe's valuation is higher because of their trajectory. FiServ isn't innovating- at all. Just more attempts at lipstick on the pig.

ryanackley 6y ago
$3bn in volume equates to around $90M (~3% of volume) in fees. Not an insignificant amount of money but when your revenue is approaching $10B, it doesn't move the needle. Also, this money is divided up among all the players. This includes the network (Visa, Mastercard, etc.), the Bank (every credit card has an issuing bank), and the acquirer (Stripe).