The future for consumer-driven retail payment models

Who will decide the future of retail payments? | Banking industry.

Excellent analysis on the demand aspects for the emerging models.

My 50 cents to this view is that the new payment systems will also be required to process funds transfers in real time so that the merchant receives confirmation for a push-driven transaction, so that he can secure the funds into his account and thus transfer possession of the merchandise to the buyer. Or at least the issuer of the e-money should guarantee that the funds will be irrevocably available to the merchant, at the agreed timing.

This entry was posted in credit cards, Digital ID, emoney, Mobile payments, POS, smartphones. Bookmark the permalink.

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