Apple opens NFC to developers due to EU pressure
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Terrible Idea that will have minimal impact. Continue reading
Search Results for: open banking open payments
Open Banking in US – Quick Take CPFB Proposed Rule
This rule will happen. It makes logical sense the consumers own their data and have a right to send it to whomever they want. Continue reading
A2A, Fed Now and “Instant” Payments – Threat to V/MA? Nope
The economic model in payment is the key to success. This is the V/MA innovation. Parties that own risk must be compensated for it. Successful payment networks revolve around a shared and enforceable definition of roles, standards, counterparties, trust and risk. These attributes and the operating model drive scale and participant investment. Regulatory-driven initiatives like SEPA, and PSD2 (open banking) have failed because of this dynamic. Continue reading
Payments Training
Starpoint provides advanced sessions focused on understanding the payments environment and the dynamics between banks, networks, retailers and other 3rd parties. We can be used as facilitators in a planning session, or in a lesson format with pre-reads. Example topics … Continue reading
Part 1 – US Payments Environment
Assessing the Environment and Setting the Focus (part 2 – Power of Bank Networks) © Starpoint LLP, 2022. No part of this site, blog.starpointllp.com, may be reproduced in whole or in part in any manner without the permission of the … Continue reading
Payments and Expanding the Global Economy
The intermediate “flux” period in market creation is painful. There are many entrenched interests that want to keep competition at bay. However we all must agree on basic tenants when operating within existing markets, or we will continue to waste valuable time, capital and people. Investors in emerging markets must find ways to coordinate and discuss conflict more effectively. We must encourage governments to create policies and regulations which enable effective information flow, networks, and markets. As Brazil demonstrates, it’s much better to have a slice of a very big pie.. than control a share of a very small one. Continue reading
Future of Retail Banking: Prepaid?
Today’s pre-paid dynamics may be the tipping point by which 3 party networks begin to overtake V/MA in growth. A trend that will accelerate when other business models require “control”. This next phase will be centered around merchant/consumer transaction data, which will begin to unlock the advertising revenue pool, which is almost 4 times larger than that of payments.
Payments and core banking will become a “dumb pipe” business unless Banks create value and assume a larger orchestration role. POS Payments are the central feature of a transaction account, if banks loose this relationship they will be in a poor position to orchestrate. 4 party networks are very, very hard to change. Continue reading
Banking the Masses… Prepaid?
We are beginning to see the early stages of an “overhaul” of what banking (and payments) is. The next 3-5 years will be a period of much experimentation. As the WSJ article alluded to… banks actually want the bottom 40% of their customer base to leave.. they are no longer profitable.. This is what the Fed is concerned about.. where do they go? Continue reading
Building Networks and “Openness”
8 Dec 2011 I’ve been reading some off beat stuff lately. One book “Weak Links: Stabilizers of Complex Systems from Proteins to Social Networks” was very thought provoking. As Mark Stefik (PARC Fellow) said ‘Something magical happens when you bring … Continue reading
Payments Innovation in Europe
So in Europe see the consequences of ubiquity. While SEPA was designed to increase competition and create new European schemes, there are few business models capable of supporting investment. Hence Europe is not the place to start a retail payments business. This is why I look to Asia, LATAM and Canada as great places to start a payments business (my picks: PH, HK/China, Brazil, Malaysia, SG, Colombia, Indonesia and New Zealand). Continue reading