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Re: An analyst's view of the payment industry

From: Ricardo Varela <phobeo@gmail.com>
Date: Thu, 30 Jan 2014 15:27:45 +0000
Message-ID: <CAN46wV_PG9ysfxf=b5psTJKR5H3p=dbWYGAzo-mVb=qykM8Aaw@mail.gmail.com>
To: Anders Rundgren <anders.rundgren.net@gmail.com>
Cc: Web Payments CG <public-webpayments@w3.org>
The problem with NFC is that it is an "acquirer level" technology that
requires changes both from the merchants and the technology providers point
of view... Merchants do not seem very interested in changing their current
Point of Sale systems to upgrade to this (its money for nothing at the
current volumes of use), and technology providers are not exactly rushing
to it either. Combine that with a general disinterest from the public
and... Too many people to convince at once!


On Thu, Jan 30, 2014 at 10:18 AM, Anders Rundgren <
anders.rundgren.net@gmail.com> wrote:

> http://think-banking.org/thinknew/index.php/510-our-10-boldest-predictions-for-the-digital-payments-industry-in-2014
> I'm personally unconvinced that NFC is dead.  It is the idea that
> operators will replace banks which died.
> An "untangled" NFC such as featured in Android "KitKat" may revitalize the
> NFC.
> Wallets is another strange thing.  To me a wallet is a device/function
> holding payment objects.  Converting the holder into a business seems like
> an awfully crummy scheme.
> Well, physical wallets cost a few bucks but a SW counterpart is just a
> bunch of bytes and shouldn't cost anything.
> OTOH, the only thing we know about predicting the future, is that it has
> proven to be impossible.
> But we all try, don't we? :-)
> Anders

Ricardo Varela -  http://twitter.com/phobeo
"Though this be madness, yet there's method in 't"
Received on Thursday, 30 January 2014 15:28:17 UTC

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