Imagine expanding your existing bank mobile app to do card emulation.. with NO TOLL to the TSM or carrier.. you are in complete control. A project which should be sub $1M AND NO CONTRACTS!!
Banks have not put all of their eggs in the TCH basket. There is another Bank Consortium around payments which I have not discussed: Paydiant has been working with 27 odd banks around a “Push Payments” pilot for last 2 yrs.