Guides
Guides, explainers and comparisons on fintech infrastructure, built on primary sources.
White label stablecoin: how it works and who issues it
Your brand on the token, a licensed issuer behind it: how white label stablecoins work and who offers them.
Merchant of record: what it covers and when to use one
The merchant of record is the legal seller. Here is what the role covers and what MoR providers charge.
Tokenized securities transfer agent: who keeps the record
What SEC rules and staff guidance require of the agent that keeps a tokenized security's holder record.
BIN sponsorship: how sponsor banks run fintech card programs
Who owns the BIN, who runs the program and who pays for losses when a bank sponsors a card program.
Network tokenization: how card network tokens work
Card networks now swap stored card numbers for merchant-bound tokens. Here is how they work and who requests them.
Fleet card issuing: fuel cards vs network fleet cards
How trucking software platforms build fuel and fleet card programs on bank issuers and modern processors.
Stablecoin payouts: paying sellers and contractors in USDC
Stripe, Circle, BVNK and Coinbase publish very different limits on who can receive USDC and where.
Tokenized Deposits: How Bank Deposit Tokens Work
JPMorgan, Citi and HSBC now move deposit tokens 24/7, and U.S. law keeps them outside the stablecoin rules.
How to Choose a Core Banking System: A Selection Guide
Deployment, APIs, sub-accounts and exit terms decide core fit, and regulators now watch vendor contracts too.
Core banking migration: how banks switch core systems
Regulators now weigh deconversion fees and exit terms when they decide how closely to supervise core providers.
How to accept stablecoin payments B2B
How US businesses invoice business customers in USDC, settle to dollars, and what providers publish as fees.
Loan Servicing Platforms Compared: Rules and Vendors
What a loan servicing platform does after funding, which federal rules apply, and how nine vendors compare.
Embedded finance vs banking as a service: the difference
Embedded finance is what a platform offers its users; banking as a service is how a bank supplies it.
How to choose a sponsor bank: a due diligence checklist
What to check before signing with a sponsor bank: charter, regulator, enforcement record, oversight, records and exit.
Embedded payments companies: models, liability, pricing
Ten embedded payments companies compared on model, seller-loss liability, onboarding and published pricing.
What Is API Banking? Bank APIs, BaaS and Open Banking
Three ways banks open accounts and payments to software, and where the CFPB open banking rule stands in 2026.
Stablecoin infrastructure for business, layer by layer
Who issues, holds, moves and settles the tokens, which providers sit at each layer, and where US rules stand.
Card issuing platforms compared: 10 issuer processors
What ten card issuing platforms publish about card types, networks, regions, banks, pricing and API docs.
What is banking as a service (BaaS)?
How a chartered bank, a BaaS platform and a fintech brand split the work, the money and the risk.
Stablecoin payment gateway: how businesses accept USDC
Stripe, Coinbase Business, BVNK and Shopify compared on published fees, networks, refunds and license holders.
What Is Core Banking? Systems, Providers, Conversions
The ledger behind every bank account, who supplies it in the US, and why moving to a new core is a major project.
Synapse bankruptcy: what changed for BaaS
What the Synapse bankruptcy left behind: a shortfall range, a Fed order and one unfinished FDIC rule.
Lending for SaaS platforms: three ways to offer credit
Three ways a SaaS platform can offer credit: white-label capital, referral, or its own bank program.
Marketplace payouts: rails, timing and 1099-K rules
How platforms pay sellers, drivers and creators: payout rails, limits, holds, fund custody and 1099-K rules.