Apple Pay Later – What is it?
Apple announced a new service at WWDC 2022 yesterday (Youtube – ~21:00 in). What is it and how does it relate to their recent acquisition of Credit Kudos?
Tag: MA
Fraud, Trust and Real Time
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.
Tilting the Networks… a MASSIVE Change
Secure Element, NFC, HCE, EMV, Tokens and Cards
Token Assurance – Updated
Token Acceleration
HCE – Now the PREFERRED contactless approach
US Payment Innovation and Regulation
A core “investment assumption” by TCH banks was that “regulators” were going to force the use of tokens in the US. As a primary means for meeting obligations under BSA/AML. The “value proposition” pitched to pilot participants was thus “regs are coming which will drive PayPal out of business.. everyone will be required to tokenize.. pilot participation means you can have a jump on everyone else.” Obviously this has not been the case..
Divide and Conquer: Commerce Battlefield
Payments Winners/Losers?
If you are a BANK… you can do anything you want to on a PIN DEBIT network (you control).. For example, First Data owns STAR.. they are leveraging the Star network with Cardspring to transfer non payment information (offers/incentives). This is a great example of how to construct a solution within the constraints of existing networks