Peter Dougherty, President of Spreedly, breaks down how payments are changing, why “open payments” is the new orchestration, and how AI and agentic systems will reshape commerce at a structural level. We talk scaling from 20M to 100M, building teams for inflection points, finding existential problems vs noise, and why perception is often more important than raw numbers. We also cover fraud, Spreedly’s acquisition of Dodgeball, and what agent to agent payments unlock in the next decade.