ArgoPay Is Reinventing the Credit Card, Launches Closed Beta
SANTA CLARA, CA — (Marketwired) — 10/16/13 –How many intermediaries does it take to buy a $4 latte with a credit card? Seven, or thereabouts. No, that-s not a variation on those famous light bulb jokes. That-s the truth.In any credit card transaction, at least seven middlemen get between a merchant and their money, each slicing off a little bit. This outdated system sends between 2 and 5 % of your purchase to these go-betweens. It-s needlessly complex, hurting both businesses and consumers.Ar