Comments on: E-cash in the attic http://tomorrowstransactions.com/2013/04/e-cash-in-the-attic/ Thought leadership from Consult Hyperion Tue, 09 Sep 2014 00:19:19 +0000 hourly 1 http://wordpress.org/?v=4.0 By: Noel http://tomorrowstransactions.com/2013/04/e-cash-in-the-attic/#comment-159 Sat, 20 Apr 2013 12:24:20 +0000 http://ec2-54-201-142-57.us-west-2.compute.amazonaws.com/2013/04/e-cash-in-the-attic/#comment-159 Mondex being mentioned in 2013!!!

Maybe I should dust off my Mondex incorporation “T” shirt just in case?

As you say Dave the mobile has removed one of the most significant barriers so keep your eyes peeled for youngsters emerging from basements with new payment instruments. grin.

]]> By: J.F. Groff http://tomorrowstransactions.com/2013/04/e-cash-in-the-attic/#comment-160 Sat, 20 Apr 2013 08:21:19 +0000 http://ec2-54-201-142-57.us-west-2.compute.amazonaws.com/2013/04/e-cash-in-the-attic/#comment-160 Dave, I fully concur that convenience trumps pricing. Ease of use is obvious to assess when you hold the device in your hands and execute the process, however it is quite difficult to deliver consistently (especially when you have to cater to a legacy ecosystem). I’d love to get your feedback on our mobile payment app: install Mobino from your favourite app store and let me know what you think.

Alex and Jim: we could also get rid of credit cards entirely. Why bother digitising a piece of plastic when we can build digitally-native payments instead, thanks to direct connections to banks (SEPA, Faster Payments, etc.)

]]> By: Alexander Peschkoff http://tomorrowstransactions.com/2013/04/e-cash-in-the-attic/#comment-161 Sat, 20 Apr 2013 05:07:59 +0000 http://ec2-54-201-142-57.us-west-2.compute.amazonaws.com/2013/04/e-cash-in-the-attic/#comment-161 JF, the same reason we don’t ditch mobile phones in favour of biometrics when it comes to mobile payments – courses for horses. What you going to do with a phone with a dead battery at midnight to catch a taxi back home? Payments are about ubiquity, convenience and flexibility. But I do like Mobino-like concepts. (http://www.finextra.com/Community/fullblog.aspx?blogid=7564)

]]> By: Jim Self http://tomorrowstransactions.com/2013/04/e-cash-in-the-attic/#comment-158 Mon, 15 Apr 2013 02:45:20 +0000 http://ec2-54-201-142-57.us-west-2.compute.amazonaws.com/2013/04/e-cash-in-the-attic/#comment-158 In response to Alexander Peschkoff.
Visa has a money transfer platform that can make funds available on the the receipent’s card account immediately. Although they artifically limit it to within 30 secs so as to allow fraud systems to do their thing.

]]> By: Alexander Peschkoff http://tomorrowstransactions.com/2013/04/e-cash-in-the-attic/#comment-157 Sat, 13 Apr 2013 08:01:27 +0000 http://ec2-54-201-142-57.us-west-2.compute.amazonaws.com/2013/04/e-cash-in-the-attic/#comment-157 Another bizarre things is MasterCard’s Money Send (http://www.mastercard.com/in/consumer/money-send.html). It takes up to 48 hours… Whilst a conventional MC transaction is processed in seconds.

Faster Payments provides positive confirmation of the transaction in 15 seconds. Funds transfer is then completed in 2 hrs max.

Surely MC could act as a “bridge of trust” between two individually trusted parties (sender’s bank and recipient’s bank who are both MC issuers) to do the same trick worldwide to remove the speed bottleneck.

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