Businesses should surely have some sort of back-up plan to move to if their card payments go down. It’s really not that complicated and there are plenty of ways to take electronic payments.
Payments back up
Category: Payment systems
Payments may be the least interesting thing to do with a blockchain
The general fintech consensus seems to be that the blockchain is interesting but that Bitcoin is not. Maybe it’s just fashion. Who knows? But I’ve always thought that the blockchain is a fundamental technological breakthrough and I’m fascinated to see the emerging use cases.
The New Year three-party party
I’m convinced there’s going to be a re-localisation of payments. Regional, national, local, community, hyper-local? Who knows, but the universal, the international and the general solutions will need to deliver genuine added-value to compete with newcomers that focus.
California dreaming (Bitcoin isn’t a currency)
The citizens of California find themselves in the vanguard of a new economy, the epicentre of a monetary revolution and so on and so forth. I wonder if they’ve noticed?
Ecuador, Greece and Scotland. Let Watson figure out the question
A national digital money system may well be the best way to solve the big problem of small change, but beware the warnings from history! (Updated 31st December with more details on Ecuadoren coin usage).
I don’t know what interchange should be, and nor do you
I will stick my neck out and predict that consumers will not see any benefit from European interchange meddling. It’s the retailers’ shareholders who will be the winners.
Checking up on cheques
Any day now, if Moore’s Law continues its course and the UK’s role as fintech innovation Ground Zero is confirmed, I’ll be paying in a cheque by mobile phone. I can’t explain why.
It’s like, how much more white could this be? And the answer is none. None more white.
It’s not often that someone telling me about an EMV fraud exploit makes me laugh out loud, so I got permission to share the story with you.
Why do banks run retail payment systems?
It might, in some circumstances, be better for both the banks and their customers if they let someone else deal with payments – leaving banks free to concentrate on core business.
Contactless innovation at CHYP Towers
Over at CHYP Towers in New York, my colleague Simon Laker has created a new personal payment mechanism: his do-it-yourelf contactless credit card. Here is his unexpurgated report from the USA today.
