Well-regarded non-profit runs domestic intelligence agency; distributes intelligence product; achieves adoption in financial infrastructure; recruits agents and allies; intervenes against U.S. political fundraising.
The financial industry has paid tens of billions of dollars in tuition on fraud detection. Here are some observations for investigators with badges, press cards, or GoPros.
How consumer protection in payments works, why it was designed that way, and why it’s being contested today.
The gaps scammers exploit in gift cards are the result of deliberate policy tradeoffs.
A four party consortium can underwrite, fund, and execute a consumer loan in 15 minutes. Here's how.
Ever wondered what happens if you try to take $50,000 in cash out of a bank? Answer: a year of investigative journalism.
Ever transferred assets between brokerages? Impressive, terrifying machinations happened in the background. No cats were harmed.
Payroll processors exist to provide financial infrastructure and because political economy is complicated.
A lot of more modern financial infrastructure follows the paths blazed by checks, at least in the U.S.
The structural reasons why banks sometimes behave bizarrely in interactions with customers, like forgetting things which customers tell them.
Counterintuitively, businesses, customers, and society prefer having fraud to what they'd need to do to not have it.
Deposit insurance is the backstop that guarantees the money-ness of deposits. Here's how it works under the covers.
Deposits are a public/private partnership which create generally usable money out of risky banking activities.
Revenue recognition for software companies is much deeper than many appreciate, and improbably implicates the age-old question "What is the economically useful life of an imaginary sword?"