Innovation, or Just a Faster Horse?
Do you think the term “Innovation” is one of those words that has been worn so thin by overuse that it’s hard to know what it means anymore?
Innovation is more than just tweaking and polishing, it is about re-imagining the possible by combining technologies to address real problems facing real people.
Re-packaging something that already exists is not innovation.
Money Movement Models
There are three fundamental ways to transfer value:
Bank Rails | Card Rails | Bucket of Money
They may look similar but they all represent fundamentally different approaches to transferring value.
Read the post and learn why the models aren’t interchangeable!
Open Banking at the Point of Sale
A while back, I spent a couple of hours considering how I would implement an Open Banking solution for deployment in merchants that already accepted cards.
I suspended all consideration for the real task of merchant integration, and assumed that if it looked like a duck and quacked like a duck, it would be able to swim in the same pond as the ducks that were already there.
It’s easy if you don’t know how!
A silent but growing threat …
I am sure this video is aiming to educate its viewers on how they can protect themselves against card skimming fraud, which is commendable. The video claims skimming fraud costs Financial Institutions and Consumers around a $1Billion per year, which compounded since the early days of Chip Cards – 20-odd years – is a substantial amount of cash!
Skimming Fraud doesn’t work on properly implemented Chip Cards!
Explore the Future of Payments
The global payment ecosystems continues to evolve with technologies like AI, tokenisation, and real-time payments.
Stay ahead of the game by diving deeper into the world of payment processing.
Have questions or need expert insights? Contact us.
