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What about wearables such as the Apple watch or Android type equivalents? Are they too late in the day? The Bpay band is ugly, is far from perfect but as a transitionary product while Barclays fudge around finding an Apple Pay solution, it works. More and more connected wearables using cloud based payments or 'mobile' based solutionw will come to market and I see nothing but growth here.

I'd be very interested to know which EMV payment application COIN are using. is it contact as well as contactless? Which contactless kernel will it use? Does it work for Visa/MC/Amex contactless in a true EMV mode? Does it exist??

MBNA are in

I'm not an apologist - I haven't apologised for anything!

Merely stated I don't believe that the EU caps will benefit consumers and I asked all of you wonderfully insightful with some proof that it will.

Still haven't received any, just rhetoric and now name calling from EU apologists....

Did consumers see any real benefit from Durbin? Wasn't the objective the same? I don't remember car prices or grocery bills dropping and people partying in the streets with their new found wealth.

If there was no Visa, MC, Amex, CUP etc there would be no market 'to rig'.

Sorry, still not convinced that if Tesco can sell aTV for £5 less cost to them (not passed on to the consumer) that this equates to more stores and more innovation and any consumer benefit. Surely it equates to more profit for Tesco? if my local Tesco has spent more on its shelving or other infrastructure because of the extra £5 do I care? No. If I have 2 Tescos in my town do I care? Yes. 1 is enough. 12 types of pasta instead of 11, not bothered. Innovative trolley design? It seems to me to be an agenda masquerading as a benefit. Someone explain to me how I as a consumer benefit by this. Numbers not rhetoric. Thanks

I'm not an expert on interchange but I don't believe for 1 minute that any intervention by the EU here is going to lead to lower prices in shops.

How are consumers going to be better off?

 "We currently suspect MasterCard is artificially raising the costs of card payments, which would harm consumers and retailers in the EU."

If there was no MasterCard (and Visa etc.) there would be no card payments.

Can't we sue the EU for "artificially raising" our taxes by having several hundred chocolate fireguards sat in Brussels/Strasbourg?

Can't we investigate their salaries/expenses etc and impose fines on them?

Is it also not simply linked to the fact that one of the first questions you are asked when you apply for a mortgage/loan is who do you currently bank with and for how long have you held your main account there? People are not switching accounts, not because of complexity or lack of awareness but rather fear of losing the 'x' years history and impacting their credit score.

I think the announcement (and the actual app description in the Play store) is somewhat misleading. If your phone has NFC capability or not is irrelevant. The app does not use the NFC capability of the phone, it is merely an account portal. You still need a 1980's sticker - nothing new here at all