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2025 Annual Letter

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AI is redefining how we work. The macroeconomic environment is evolving. Investor expectations are intensifying. And yet amidst the noise, some truths in payments remain the same:

  • Consumers expect seamless, embedded payments.
  • Merchants demand competitive pricing and real value.
  • Software companies need monetization strategies that scale.
  • Merchant portfolios continue to chase higher valuations.
  • Networks expand acceptance. Providers pursue market share.
  • And investors want better returns—without unnecessary complexity.

Payments still need to be authorized, processed, settled, and funded. That hasn’t changed. What has changed is the expectation that these actions happen with minimal friction, maximum visibility, and tangible value.

The industry’s leading players trust our insights because we bring clarity, credibility, and execution. In the Q&A that follows, we’re not theorizing—we’re sharing what we’re hearing and solving for every day.

2025 Annual Letter

Thank you,  

Kurt & Mike Strawhecker 


Providing Clarity to the Complex

Since 2006, TSG has been the engine powering smarter decisions across the global payments acceptance value chain. From executive boardrooms to product strategy sessions, our data, advisory, and enablement practices help companies transform outdated infrastructure into a modern competitive advantage.

Ready to start your journey? Reach out today