Fintech Layer Cake

Card Network Dynamics and Utah Fintech

March 30, 2023 Lithic Season 1 Episode 14
Card Network Dynamics and Utah Fintech
Fintech Layer Cake
More Info
Fintech Layer Cake
Card Network Dynamics and Utah Fintech
Mar 30, 2023 Season 1 Episode 14
Lithic

In this episode, Reggie, Matt, and Scott demystify card networks and explain different core functions, its implementation, and its future in financial or payment institutions. Scott talks about core functions related to card issuance, acquiring and acceptance of payments, and additional services beyond the network operations. He also brings up the challenge of managing everything with the diversity and limitations in networks, while emphasizing the huge influence of technology to the growth of fintechs in Utah.


Show Notes

In this episode, Reggie, Matt, and Scott demystify card networks and explain different core functions, its implementation, and its future in financial or payment institutions. Scott talks about core functions related to card issuance, acquiring and acceptance of payments, and additional services beyond the network operations. He also brings up the challenge of managing everything with the diversity and limitations in networks, while emphasizing the huge influence of technology to the growth of fintechs in Utah.