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I’m joining OLO’s advisory board
I’m pleased to announce that I’m joining the advisory board of OLO. You can see the press release here. Forbes recently had a great write up of OLO. OLO provides online ordering for companies such as...
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redesignAnswer: A small change lets @penfed make a lot more money on credit...
The question: why did PenFed send me a new Visa without asking? The key to this puzzle is noticing the different words below Visa. In one case, it is “Platinum”. In another it’s “Signature.” The...
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redesignAnswer: The most fundamental flaw in @FICO credit scoring
Imagine two borrowers. Borrower 1 Has a $20,000 credit limit on 1 card. Is using $5,000 of that credit limit. Makes $25,000 a year. Has no assets to speak of; essentially a net worth of $0. Has a...
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redesignQuiz: What’s the simplest way to improve this Amazon GC?
Difficulty: Easy to moderate Provide your answer here.
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redesignAnswer: What’s the simplest way to improve this Amazon GC?
This is the kind of question that I love because it draws a lot of answers, many of which are valid. The answer I was thinking of was to make it easy to scan. Supposedly the Amazon app can scan real...
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redesignAnswer: The Square/PayPal charge was to cash out balance on PayPal...
The purpose of the transaction on Friday was to use up the remaining value of a PayPal debit card that I had purchased for test purposes. The PayPal debit card is a poor value compared with products...
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redesignAnswer: My first transaction on Amazon was for $300
In testing the new Amazon Local Register yesterday, my first transaction was for $300. Amazon didn’t make any money on this transaction. (Nor will they make money on a lot of the transactions on...
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redesign | payments: Hiring Stan Chudnovsky shows Facebook might be getting...
Facebook has frustrated me for a long time: they have such huge reach and engagement that I’ve thought that Facebook should be entering more spaces, rather than just limiting itself to ads on the...
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redesign | payments: Facebook and peer-to-peer payments
Facebook’s upcoming move into peer-to-peer payments brings it into a crowded field. The most obvious competitors are Square Cash, PayPal’s Venmo and PayPal itself. There are also competitors on the...
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redesign | payments: Square’s IPO will be an interesting one to watch
Rakesh Agrawal is a payments expert. He has been widely quoted about the industry in publications such as Bloomberg Businesweek, The New York Times and appeared on CNBC and Bloomberg. According to...
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