To “defeat” MVP and Amex, in consumer trust, is a very hard undertaking. You not only need to solve a problem they don’t solve, you must also surpass the investments made by every participant in their network(s) with a BETTER economic model. Good luck with that.
The Role of Operating Models Standards in Enabling Networks
Will Visa Acceptance Cloud (VAC) be a watershed event that simplifies merchant acceptance and embedding payments into iOT?
perhaps the largest change in acquiring rules, technology and certification: Visa Acceptance Cloud (announced Dec 2021)
The impact of interchange going toward 0 should be negligible for V/MA, perhaps even a positive as it provides opportunity for networks to expand their services
How with the market react? Will cards become unbundled? Will issuers compete? What will change and who will win? What will BNPL look like in 2025?