Tagged with ATT

NFC – ISIS has 12 months…

what retailers do you think are anxious to assist Visa and MA with a new generation of payments that is more expensive than what they have already? Specifically, NFC is a credit card transaction.. carrying a 300-350bps rate. Although there is nothing to prohibit and NFC based debit card.. there are no banks (other than Discover/Barclays) that have stepped into this space. Visa and MA see NFC as the next great driver of CREDIT card transaction growth. Continue reading

ISIS: Moving payments from Rail to Air

Merchants love the ideas of ISIS, as much because of perspective value as the pain it will bring: Visa, MA and Amex. Historically, the card schemes have built up much ill will with merchants due to: interchange, payment system integrity, fraud controls, consumer influence, …etc. Two major issuers inferred that Discover is a failed payment “cash back” card network. I would proffer that their “success” is just delayed, and ISIS is the initiative which will drive transaction and network growth in a model that existing schemes can’t compete with. Continue reading