This sounds like a great initiative for financial inclusion - not just for the charity aspect - but more about the Hand-Up! It will be interesting to understand the underlying technology - hopefully low cost and easy to access
02 Feb 2022 10:30 Read comment
Tapping a card on a device isnt thath complex, but also its not that secure..... If i was a small merchant i would feel much more relaxed accepting an apple or android payment rather than a card - also card limits are lower than @Pays - See COTS and CPoC specs on this
31 Jan 2022 15:32 Read comment
It does open things up!!! - Any two trusted Applepay customers with a strong profile and 2FA could be facilitated to perform a card to card (or Cardholder Card to Merchant Card) transaction - with or without the 2FA - if both are Biometrically validated its a pretty secure transaction!
31 Jan 2022 15:19 Read comment
Dont believe they have this, but may do in the forseeable future -based on their issuing behaviour this would be delivered in partnership with localised acquiring bank. Acquiring is a bit more complex than issuing and much riskier as you know!
31 Jan 2022 09:16 Read comment
Credit card has its perks
28 Jan 2022 14:57 Read comment
It would not be rocket science to pull in tame acquirers for this and replicate The Issuing/Wallet side Applepay with an acquiring Appletake or Applesell approach.... Settlement wouldnt be an issue as Apple can either Card accounts or Debit card/bank accounts, as most Apple phone users are also subscribing for services
28 Jan 2022 12:27 Read comment
Anyone got any ideas as to how the commercial model for this works - Has to be cheaper than cards and will come with refund and dispute handling capabilities.
28 Jan 2022 12:22 Read comment
Where on earth did you get the free credit idea from? didnt your parents teach you that nothing comes for free? the cost of this is not being paid for by the VC's, its not being paid for by the Staff and Execs at Klarna, its not being paid for by the people who get into bad debt and commit suicide. - Predominantly the poor/disadvantaged/marginalised/desperate/minority groups (see UK Citizens advice bureau report) ..... its being paid for by the general public who will see costs passed on by the merchant to the consumer... Not sure exactly where you stand on this, but it seems to be on shaky ground
21 Dec 2021 14:18 Read comment
If it looks to good to be true, it probably is.... at the end of the day BNPL is a loan... the valuations of these loan companies looks a bit inflated to me, and their credit scoring and reporting looks dodgy to say the least. Not sure how they work in countries where Consumer Debt Burden calculations are a thing.... Good luck to them, but lets not confuse a consumer loan with low barriers to entry, with a ground breaking fintech initiative!
20 Dec 2021 15:53 Read comment
We await class action suits similar to PPP and Payday loans due to lack of clarity and transparency in the sales process
17 Dec 2021 11:10 Read comment
Bonita OsgoodBanking Solution Marketing Director at FIS
Ankur AgarwalIT Analyst at FIS
Yelli MartinezIT Architect Senior at FIS
Jagdish UdayakumarHead of New Business at FIS
David RatnageCommercial Lending Director, Capital Markets at FIS
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