eastbayjake

6 ms·

1.
by eastbayjake 25d ago
Debit cards are not subject to surcharging, and any merchant doing so is violating Visa/Mastercard regulations. (And possibly state law in several places -- Colorado where I live caps surcharge at the lesser of 2% or the cost of paymen
2.
by eastbayjake 5mo ago
In fairness they redirect you to your bank to login, you authorize the application (which can be revoked at any time), and then they redirect you back with tokenized information. (In fact it's kind of a pain point that when I use Plaid
3.
by eastbayjake 5mo ago
When using a government website, you were intimidated by the security posture of... Plaid? (Genuine question, maybe this was some other provider but Plaid's aggregator tool is the most common place I see this pop up in real life for AC
4.
by eastbayjake 5mo ago
I really struggle with realistic use cases for stablecoin payments (many are more gee-whiz party tricks or they are reinventing the problems of traditional finance but on a blockchain) but adult content / tipping is an interesting one.
5.
by eastbayjake 7mo ago
QuantumBlack is synonymous -- it's where all of McKinsey's AI expertise got reorganized these days, anyone working on this tool was likely doing it on a rotation in between client engagements under "QuantumBlack, AI by McKins
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by eastbayjake 8mo ago
This dynamic carries into Threads, where Meta AI slop is aggressively pushed in the feed. There's also a significant amount of viral content that is clearly an older person's Facebook post which was intended for only friends but g
7.
by eastbayjake 8mo ago
I'm not mixing -- if I have $0 in my bank account today and I don't get paid until Friday, I cannot buy food today with a debit card. Being able to buy things today on the promise of future cash flows is a risk-based financial pro
8.
by eastbayjake 8mo ago
I replied downthread but I used "value chain" deliberately -- there are lots of intermediaries of which the card networks are just one link in the chain -- and the statement above is about risk being borne (and value being created
9.
by eastbayjake 8mo ago
I used "value chain" euphemistically because you can get really complex on this and I wanted to spare the casual reader. I meant your credit card as an end-user product in your pocket and not meaning the card networks in isolation
10.
by eastbayjake 8mo ago
If you'd like to get that fixed: https://usa.visa.com/Forms/visa-rules.html
11.
by eastbayjake 8mo ago
The networks allow cash discounts if it's posted clearly and the customer has an option to use a different payment method -- you see this on every gas station sign alongside every highway in America. (What's _not_ permitted is add
12.
by eastbayjake 8mo ago
I'm a little shocked that of all the comments so far, no one has mentioned the financial risk borne by this whole value chain. OP is operating as if it's just a debit system moving money from one account to another but: - For many
13.
by eastbayjake 9mo ago
It's such a broad question... are you a consumer or a merchant? Are you doing a card-present payment (eg swiping at a store POS) or a card-not-present payment (eg entering your credit card number on an ecommerce site)? Are you buying&#
14.
by eastbayjake 1y ago
Couple thoughts for you: (1) What are the use cases you envision? I can see the value for a really large marketplace in having a ton of pricing data, or the value to a hedge fund etc in having raw data to analyze macro trends... what is the
15.
by eastbayjake 1y ago
This was 100% written by ChatGPT -- and like most AI slop, it's completely missed foundational categories of e-commerce tech stacks (PIM? CMS? DAM? OMS? WMS?) I don't know whether it speaks highly of Upside as an AI solutions agen
16.
by eastbayjake 2y ago
If you are just trying to process the transaction and don't need eg catalog or inventory management, Stripe Payment Links probably does the trick: https://stripe.com/payments/payment-links
17.
by eastbayjake 3y ago
There are several open source solutions if you're interested... you can do a headless frontend with Vercel Commerce (Next.js) and use any of the supported e-commerce backends to manage catalog/cart/orders/etc: https:&#x
18.
by eastbayjake 3y ago
Was expecting this to be about AWS's Recovery Time Objectives!
19.
by eastbayjake 3y ago
+1 to Matt Levine, if you're in tech/law/finance and not reading him daily you're missing out on the conversation (and the fun) I'm also a daily reader of CNBC, and a multiple-times-a-week reader of the New York Tim
20.
by eastbayjake 3y ago
Fun Fact: it's been alleged by contemporaries like Jonathan Franzen that DFW fabricated many of these stories, there's a reason they were not published as nonfiction in a magazine with a rigorous fact-check process like the New Y
21.
by eastbayjake 3y ago
The McKinsey "Bible" for structured communication is The Pyramid Principle by Barbara Minto. I've coached dozens of engineers who found its insights helpful in structuring their own communications to non-technical audiences
22.
by eastbayjake 3y ago
This is typically an issue with the payment gateway and/or processor rather than the site or the platform underneath it. You probably had a better error message in the second experience because the site uses a different payment gatew
23.
by eastbayjake 3y ago
The most interesting part of this test would be for the bot to avoid getting sued out of existence by IP lawyers . The bots you're referring to -- the Twitter "where can I get this on a t-shirt?" bots come to mind -- are eas
24.
by eastbayjake 3y ago
> George H.W. Bush went to Yale. His son, George W. Bush went to Harvard. A factual correction: George W. Bush was both an undergradate at Yale (Class of 1968) and got his MBA at Harvard (HBS Class of 1975)
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by eastbayjake 3y ago
Any experiences with Hapi or Deno re: footguns above?
26.
by eastbayjake 3y ago
Very cool! Love seeing more JavaScript projects in the Marketing/eComm open source community, really neat value proposition for MarTech teams to be insanely productive with high-leverage full-stack JS developers
27.
by eastbayjake 3y ago
That was Booz Allen Hamilton, they are a government subcontractor that largely provides long-term staff augmentation... totally different type of professional services than strategy consultants or even system integrator (SI) shops like Acce
28.
by eastbayjake 3y ago
It's like people don't read the guidelines anymore: "Eschew flamebait. Avoid generic tangents. Omit internet tropes." "Please don't fulminate. Please don't sneer, including at the rest of the community.&qu
29.
by eastbayjake 4y ago
* alumnus
30.
by eastbayjake 4y ago
You win an award for having the only Hacker News comment about management consulting that is based in facts/reality and not entirely driven by ad hominem attacks in bad faith, congratulations

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