“When art critics get together they talk about Form and Structure and Meaning. When artists get together they talk about where you can buy cheap turpentine.” - attributed to Pablo Picasso
- This is a "turpentine" conference
- we're looking for product comments and suggestions
- what problem's we'd like to see someone solve
Stripe 2018 year in review
Mission: grow the GDP of the internet.
Strategy: help technology companies of every size build better businesses. Stripe wants to support small startups.
- 100,000+ businesses on Stripe, now 1M+
- 84% of american adults used Stripe
- 200 million API requests per day: we can't run everything through an eventually consistent caching layer
- they forked Ruby bc they want to offer type checking
- security and privacy infrastructure
- industry leading availability
- 1,300 people
- 1 product HQ is going to turn into 4 global product/eng hubs: SF, Seattle, Singapore, Dublin
- They want to build their product physically close to markets they want to focus on.
New interesting features:
- Connect Payouts
- Billing and recurring revenue infrastructure is a big priority for the Stripe team
- Radar + Radar for Fraud Teams
- Global payments and treasury network
- Billing, Connect, Payments, Sigma, Radar
- Want to help accelerate the movement of money
- Web 2.0, but we have 1.0 purchase experiences
- Top 72/100 commerce sites have errors in their checkout flow
- They launched Stripe elements last year.
- New Stripe checkout, considering Europe's new SCA regulatory requirements
- New Stripe Terminal, provide more unified global coverage for in store payments, demo with Stripe Press
- Stripe Issuing: programmatically control how money is spent. Granular control with programmatic spending limits.
- Technology, Regulatory, Contractual, Ecosystem (opaque system among banks, processors)
- Does this mean Stripe is a bank now? Since it can programmatically issue cards.
- Is it a VISA card? What is the card network? How does this affect my credit score?
- Stripe example: https://rocketrides.io/
- https://github.com/stripe/stripe-connect-rocketrides
- gogocards?
- not traditional credit cards: fully programmable, including authorization controls
- programmatically issue and distribute money in the physical world
- Swing by office hours to demo the issuing cards
- Extending the Stripe platform to the physical world is a major initiative for Stripe this year
- They have a global payments and treasury network: I'm very interested in the infrastructure of this.
- built Google's adwords network
- online commerce still lives in a world with brittle integrations, especially when it comes to physical purchases
- it's time for commerce to be as agile as marketing (think a/b testing ad campaigns and progammatically optimizing ad campaigns)
- IT / Risk + Finance / Support
- number of people who need access to Stripe grows
- granular roles and permissions in the Stripe dashboard
- support for SAML and single sign on
- Stripe Radar has blocked 4 Billion in fraud
- There's a 90% chance Stripe has seen the credit card before
- Early Stripe was well known for the quality of its support
- Dan Chadre, Mindbody
- A fitness apps company that realized it should be a payments company
- 19 areas in the application that take payment, expanding ot Singapore
- Ability to have a single point of integration has just never existed
- "omnichannel commerce experience"
- Make payments the experience, not something we have to do as a side effect
- Billing, Connect, Terminal, Payments, Issuing, Sigma, Radar -> all backed by Stripe's Global Payments and Treasury Network
- There are novel kinds of billing coming about: payments is part of the product experience.
- Scaling products globally is what Stripe is committed to. "Infrastructure for Globalization"