Press Kit — The Idle Billions

Author Bios

David F. Giannetto

Co-author · Operating Partner · Board Member · Former CEO, WorkWave

Short bio: David F. Giannetto is a private equity operating partner, board member, and former CEO of WorkWave, where he built an embedded fintech business that processed invoicing on nearly $25 billion in transactions and moved close to $10 billion across the company’s own payment rails. This is his fourth book; he is a columnist, keynote speaker, and former US Army officer.

David F. Giannetto is a private equity operating partner, board member, and former CEO of WorkWave, a global leader in field service and workforce management software, where he led one of the most ambitious embedded fintech transformations — processing invoicing on nearly $25 billion in transactions and moving close to $10 billion across the company’s own proprietary payment rails. This is his fourth book, and he is a columnist, keynote speaker, and former US Army officer.

Todd M. Ablowitz

Co-author · Co-founder & Vice Chair, Infinicept · CEO, Double Diamond 2.0

Short bio: Todd M. Ablowitz is co-founder and Vice Chair of Infinicept, the payments platform behind hundreds of payment facilitators, and CEO of the payments strategy firm Double Diamond 2.0. He launched the Embedded Payments Bill of Rights, serves on the board of the Electronic Transactions Association, and is one of the payments industry’s most widely published and quoted voices.

Todd M. Ablowitz is a payments industry veteran and co-founder and Vice Chair of Infinicept, a payments platform for payment facilitators. Starting in 2011, before founding Infinicept, he and co-founder Deana Rich advised companies building payments businesses, helping hundreds of them launch as payment facilitators, including Stripe, Shopify, and Modernizing Medicine. Since 2019, Infinicept has safely processed more than $77 billion in payments and onboarded over 600,000 merchant applications for clients including NCR and PAR Technology. Infinicept earned a place on the Inc. 5000 four consecutive years and won the Electronic Transactions Association’s Fintech Innovation in Payments Star Award. He is also CEO of the payments strategy and advisory firm Double Diamond 2.0, and he launched the Embedded Payments Bill of Rights, a set of ethical principles for the industry. Todd was named ETA Member of the Year, currently serves on the ETA board, co-hosts the payments podcast “It Pays to Know,” and is one of the payments industry’s most widely published and quoted voices. He lives with his family in Denver, Colorado.

Ten questions to start with

What do Warren Buffett's 1967 insurance play, a 1924 Chicago train robbery, and the Starbucks app have in common?
You say every company sits on money it doesn't know it controls. Where is it hiding?
What is the "Proximity Principle," and why should the company closest to the customer own the financial relationship?
Starbucks holds roughly $1.8 billion in stored balances. Is that a loyalty program or a bank?
What's the difference between "synthetic money" and float — and why does it matter for a CEO?
You built embedded payments into industries that had never seen them. What's the biggest internal obstacle companies face?
What is the "Loyalty Bank," and how can consumers tell when a company is making withdrawals from it?
Your "Fintech Tenets" confront an ethical tension — the same mechanics that build trust can exploit it. Where's the line?
How should investors tell real embedded fintech from a feature built for a pitch deck?
Where does fintech go next — and who wins: the banks, the platforms, or someone else entirely?

Everything you need to cover the book

Photos & materials

Final Cover Art

The Co-Authors

David F. Giannetto

Todd M. Ablowitz

David Giannetto — Speaker Kit

David F. Giannetto

Todd M. Ablowitz

Ten questions to start with

Interviews, review copies & bookings