...you could miss the major contribution of bitcoin as it presses us to reassess the way we have been doing things for years where all those little and some bigger inconveniences build into the current payment industry have to be discussed again and seen for the real merit they have.
Looking at a wallet based payment chain (P2P) the central pivot point is the wallet itself. The wallet needs to have the values available either in the wallet or immediately on call by a service provider. Euro’s – or any other currency for that matter – could be provided by a gateway provided per bank based on the PAAS conception.
A condensed version of a blog post here at RPD is published yesterday by PaymentEye.com: "Half-baked interoperability is not enough; next steps needed for SEPA CSM interoperability.". You can download [...]
For those who are not initiated in SEPA or in CSM interoperability lets first dissect the title of this post. You can find a short synopsis here on: What is [...]
Yesterday, I attended a conference of EACHA, the European Association of Automatic Clearing Houses (in SEPA parlance CSM’s: Clearing and Settlement Mechanisms) in Berlin. This is a group of payments [...]
Finextra: Commission drops anti-trust probe into European Payments Council. The EC has stopped its investigation into possible cartel practices by banks cooperating in the EPC. Apparently there is not enough [...]