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Good question!

Sam Charbonneau @BMPayments

It's pretty sad how slow #EMV transactions are. When the lost time outweighs cost of fraud...how do they expect major retailers to react?

Yet another victim of the drastic differences in buying behavior across the "chasm" between innovators and early adopters on the one side and early majority and late majority on the other. 

TY @Jan-OlofBrunila for the clarification. Shows it doesn't take long to go from TrustBuddy to DistrustBuddy!

Realtime payments for corporate banking like FED (USA) and CHAPS (UK) have been around for over a decade. The Indian RTGS system supports realtime payments and can be used for both corporate and retail banking as long as the payment value exceeds a certain minimum value. Even the Indian NEFT system, which is available for corporate and retail banking, has no threshold and is not positioned as immediate payments, delivers payments within a few minutes to a couple of hours in actual practice. Maybe I'm missing something but I don't see why "banks are not quite sure whether to start their immediate payments journey from within the retail side of the bank, or from within its corporate side."

J&J-Tylenol. VW-Emission Scandal. Satyam-Fraud. When such a thing happens in large companies, they wake up and work harder to fix the problem. Why is it that this company shuts down at this point?

"Netflix is blaming slow US growth on the switch to chip-based credit cards"
http://qz.com/524537/netflix-is-blaming-slow-us-growth-on-the-switch-to-chip-based-credit-cards/

Well, Netflix confirms my fear that "steps taken to mitigate fraud could ... stunt revenues." While Netflix is the first, according to this article, it's not likely to be the last.

@FinextraMember:

Given that cash in circulation is growing, not shrinking, it must be rule. In any case, the question of rule or exception is only applicable for unidirectional sequences. IMO, the shift between cash and cashless is a two-way street. There are things I paid by card 15 years ago that I pay by cash today (Why I Went From Card To COD). When UBER was launched in India, it didn't accept cash. Today it does. Suddenly, merchants have started slapping exorbitant surcharge for online card payments, so many people are going back to cash.

In all the hype about cash having germs, cocaine, etc., we tend to forget that currency note is the only mode of payment that carries the signature of the central bank Governor / Chairman. Beyond the symbolism, that confers an exceptionally powerful role for cash as being the only instrument that can transfer value from payer to payee WITHOUT THE INVOLVEMENT OF ANY THIRD PARTY. That means a lot and makes cash naturally the cheapest and most convenient mode of payment.

Hey @FinextraMember:

But someone has! One of the popular use cases of Venmo via Nimbl is online ordering of cash for delivery to your doorstep!!!

https://twitter.com/GTM360/status/532903534086602752

Not sure about UK but, globally, cash in circulation is growing at 7% per year. More on that in my comment here: https://www.finextra.com/news/fullstory.aspx?newsitemid=27737

@JimWells + 1. 

Calling B.S On Banking The Unbanked