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The First Mac Predates Modern Central Banking

Tom Tunguz

The US Federal Reserve Banking system is about 115 years old. Lacking any government help, J.P. Morgan (the man, the myth, the legend, but not his bank) arranged for a group of individuals to lend money to keep the markets operating. European countries had instituted central banks. It was created after the Panic of 1907.

Banking 166
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New retailer payment methods; Vertical banking; Fintech x government; QR codes’ big moment?

Andreessen Horowitz

Fintech pursues vertical banking. There’s a long history of banks and financial institutions focusing on specific demographics. Bank of America got … The post New retailer payment methods; Vertical banking; Fintech x government; QR codes’ big moment? appeared first on Andreessen Horowitz.

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The Advantages for Prepaid Cards in the Unbanked Communities

USIO

Here are some key advantages: Accessibility : No Credit Check : Prepaid cards are typically available without a credit check, making them accessible to those who might not qualify for traditional bank accounts due to poor or no credit history.

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The Benefits of Digital Disbursements

USIO

The reason why they can be so expensive is that overtime additional expenses go into paper checks like the costs of labor charges, working hours dedicated to making the check, material costs, and other charges levied by banks. Banks’ major fees are imaging fees, paid check fees, positive pay fees, check reconciliation fees, and more.

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??How Code for America uses Intercom to bridge the gap between people and government

Intercom, Inc.

As global unemployment rates continue to grow, people are looking to government for guidance, reassurance, and financial assistance. In the US, individuals who have recently lost their job or whose income has been impacted can apply for government benefits. Here’s their story. ” Source: Code for America.

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Bonus Clouded Judgement 6.5.23 - Upcoming Liquidity Crunch?

Clouded Judgement

TLDR - the recent debt ceiling deal may actually pose a drain on liquidity (in addition to ongoing QT) as the government sells T Bills to refill the Treasury General Account (this starts today!). The central bank has several tools at its disposal to implement monetary policy. In the U.S., Taxes are straightforward.

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Are Software Companies Good Businesses?

Tom Tunguz

Different accounting rules govern revenue & cost recognition. 1 FCFY is a metric that measures this : how much of a company’s revenue, after funneling through every cost imaginable, is left over in its bank account at the end of the year. Quite a stark difference. That’s my mental model for it, anyway.

Software 245