CardX in Built In Chicago: “This fintech startup went to the Supreme Court to shake up the credit card industry”
“Razi founded CardX in 2013 while studying law at Harvard. At the time he was looking for an industry to disrupt, and that year, laws changed to allow credit card fees to be passed onto consumers in 40 states. Ten states had laws on the books forbidding passing on the fee.
Four more states changed their rules in 2016 thanks to litigation filed in New York that eventually reached the Supreme Court — a case in which CardX was involved.
‘We filed an amicus brief, and we were the only solution provider in the payment processing industry to file one,’ Razi said. ‘We contributed something unique to the case, which was real-world expertise.’”