Complicated Life of Simple Payments

For most of us, making payments with Venmo, Apple Pay and credit cards feels eicient and seamless. With a tap or a swipe, your transaction is complete...or so it seems. In the background, financial systems are hard at work validating your funds, your identity and the payment. It’s a highly complex set of handos between multiple companies using close proprietary legacy systems that are slow to change and diicult to innovate.