[copypasta]

Why Are You Paying Just to Pay?

https://youtu.be/khCCvjDXhsM

Paying to Pay | How the System Makes Money Moving Your Money
You go to work.
You get paid.
And then — almost immediately — you start paying money…

just to use that money.

In this episode of Plain Meaning, we examine how paying money became something you have to pay for.

We explore:
• What actually happens when you tap your card at a register
• Why your money doesn’t move when you think it does
• How “authorization,” “clearing,” and “settlement” really work
• What the financial system calls the “float” — and who profits from it
• Why banks are using your money long before you spend it
• The 1978 Supreme Court decision that dismantled state interest rate limits
• How federal regulators expanded fees beyond interest
• The role of the 1990s deregulation era in locking the system into place
• How government mandates pushed Americans into card-based payments
• Why faster technology didn’t make payments cheaper — only more profitable
• How countries like Brazil and Poland built systems that move money instantly and at near-zero cost

For decades, the system has been explained in simple terms:
You pay.
They get paid.
But that’s not what happens.
Your money is held.
Delayed and routed through institutions that profit from the time it spends in transit.
The delay has a name.

It’s called the float.

Watch until the end for the deeper question:
If it is now possible to move money instantly —
and at almost no cost —
why are you still paying to use your own money?

#Payments #DigitalPayments #CreditCards #DebitCards #Fintech #CardFees #InterchangeFees #BankingSystem #FinancialRegulation #PlainMeaning #checking #cash

$300 #AI tool kits let criminals bypass bank security

Fraudsters are actively using software such as "ProKYC" and virtual cameras to feed deepfake videos into live verification portals, bypassing biometric checks in minutes.

https://www.americanbanker.com/news/300-ai-toolkits-let-criminals-bypass-bank-security

#FinTech #FinServ #Banking #CyberSecurity

Kalshi's Minor Misstep Exposes Deeper Regulatory Tensions

#PredictionMarkets #Regulation #Fintech #Gambling #AusNews

https://thedailyperspective.org/article/2026-03-06-kalshis-minor-misstep-exposes-deeper-regulatory-tensions-0bd3cfed

Block's 40% Layoff Bet: Dorsey Moves First on AI Efficiency, But Critics Demand Proof

#BlockInc #JackDorsey #AI #Fintech #AusNews

https://thedailyperspective.org/article/2026-03-06-blocks-40-layoff-bet-dorsey-moves-first-on-ai-efficiency-but-critics-demand-proo-852cb94f

Is Kalshi a Finance Platform or a Betting Shop in a Suit?

#PredictionMarkets #Kalshi #Fintech #GamblingReform #AusNews #FinancialRegulation

https://thedailyperspective.org/article/2026-03-04-is-kalshi-a-finance-platform-or-a-betting-shop-in-a-suit-751bc9d6

Tired of YNAB price hikes and lack of data privacy?

Actual Budget is the open-source answer. It features the same envelope-style budgeting, local-first speed, and bank syncing, but adds end-to-end encryption. Your financial data stays yours.

Import your YNAB history and start hosting for $1.50/mo on PikaPods.

Check it out: https://pikapods.com/pods?run=actual #opensource #privacy #fintech

#Fintech lending giant #Figure confirms #DataBreach

https://techcrunch.com/2026/02/13/fintech-lending-giant-figure-confirms-data-breach/

#privacy #cybersecurity #PersonalFinance #finance #blockchain

Tired of messy spreadsheets? 📉

Sure is an open-source wealth management platform that gives you a full overview of your personal finances. Track assets, visualize liabilities, and watch your net worth grow on a clean dashboard—without big banks snooping on your data.

Host your own instance on PikaPods starting at $2.30/mo. Full privacy, no vendor lock-in.

Check it out: https://pikapods.com/pods?run=sure

#opensource #selfhosted #privacy #fintech

Visa says new AI shopping tool has helped customers with hundreds of transactions.

CNBC reports: "The payments network and rivals across the fintech industry are racing to build tools that allow consumers to task artificial intelligence agents with completing certain transactions."

https://flip.it/U_atWk

#AI #Fintech #ArtificialIntelligence #Shopping #Tech

Proud to share an important step for open finance. Fluxnova, launched by FINOS, is a community-built orchestration platform created with global banks.

It supports transparent, resilient, and scalable automation to help institutions modernize with confidence.

More here:
🔗 https://hubs.ly/Q03Pv4_40
▶️ https://www.youtube.com/watch?v=wKs0glWCv4I
💻 https://docs.fluxnova.finos.org/get-started/quick-start/

#FINOS #OpenSource #Fintech #OSSCommunity