The Valuation Analyst nailed it — (https://www.cnbc.com/2026/08/17/synchrony-openai-chatgpt-shopping.html) a 6-12 month runway to ChatGPT payments integration, and the market's treating this like a feature unlock. But here's the forensic reality: for payment processors, a "future moat" is a leading indicator of *today's* moat erosion.

Research these companies