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They're also much simpler and the system behind payment solution didn't changed that much in the last 10 years.

by Thaxll 7y ago

londons_explore 7y ago
They are also miles behind on features customers want... For example: * My credit card statement should have links to the merchant, the address, a list of the things I bought, a link to the returns process, etc. * Why can't my statement also have the total number of calories I've purchased in the last month, or grams of carbon in fuel I've put in the truck? * Why can't I use my mastercard to pay another mastercard user directly? * Why hasn't mastercard produced a '2 factor' for card payments rather than forcing every bank to implement their own? * Why can't I buy a dual Mastercard/Visa/Other card, which works with merchants who are picky and will only accept one or the other? * Why are we still issuing bits of plastic in the digital age anyway? * Why don't the cards have a microusb plug on one edge, or NFC to plug into a phone or computer to log in, to act as an identity card, to authenticate or make payments, or anything else other companies issue smartcards for? * Why don't mastercard work with mobile providers to issue cards that you can spend your pay-as-you-go balance with, turning a mobile provider into a bank. It seems mastercards business is 'stuck', and there are opportunities to innovate all around them, but they won't.
- kortilla 7y ago
  >Why are we still issuing bits of plastic in the digital age anyway? Phones die. If you don’t care, I suggest you look into Apple Pay or something similar. You’ll find many merchants that you won’t be able to pay.
  - matthewmacleod 7y ago
    Maybe in the US; here in the UK, contactless payment is now close to universal for any vendor who accepts cards. This suggests it’s eminently possible.
  - tluyben2 7y ago
    In the west, but in China you pay everything with wechat or alipay and similar solutions are popping up in Asia in every country with success. But in China it is accepted everywhere. And when it is not it still is because usually the shop cashiers will use their own phone to complete the transaction.
- bonaldi 7y ago
  Half of what you "want" is a quasi-dystopian nightmare.
  - arkades 7y ago
    Don’t be such a pessimist. There’s nothing “quasi” about it.
  - D-Coder 7y ago
    If this is what he wants for himself, it's not dystopian, it's personal info.
- zelon88 7y ago
  Why would you want Target telling Mastercard that you bought Spongebob underwear and 1,968 calories worth of freeze pops?
  - xyzzy_plugh 7y ago
    Why do you believe this isn't already the case?

They're also much simpler and the system behind payment solution didn't changed that much in the last 10 years.

by Thaxll 7y ago

They're also much simpler and the system behind payment solution didn't changed that much in the last 10 years.

They are also miles behind on features customers want... For example: * My credit card statement should have links to the merchant, the address, a list of the things I bought, a link to the returns process, etc. * Why can't my statement also have the total number of calories I've purchased in the last month, or grams of carbon in fuel I've put in the truck? * Why can't I use my mastercard to pay another mastercard user directly? * Why hasn't mastercard produced a '2 factor' for card payments rather than forcing every bank to implement their own? * Why can't I buy a dual Mastercard/Visa/Other card, which works with merchants who are picky and will only accept one or the other? * Why are we still issuing bits of plastic in the digital age anyway? * Why don't the cards have a microusb plug on one edge, or NFC to plug into a phone or computer to log in, to act as an identity card, to authenticate or make payments, or anything else other companies issue smartcards for? * Why don't mastercard work with mobile providers to issue cards that you can spend your pay-as-you-go balance with, turning a mobile provider into a bank. It seems mastercards business is 'stuck', and there are opportunities to innovate all around them, but they won't.

kortilla 7y ago
>Why are we still issuing bits of plastic in the digital age anyway? Phones die. If you don’t care, I suggest you look into Apple Pay or something similar. You’ll find many merchants that you won’t be able to pay.
- matthewmacleod 7y ago
  Maybe in the US; here in the UK, contactless payment is now close to universal for any vendor who accepts cards. This suggests it’s eminently possible.
- tluyben2 7y ago
  In the west, but in China you pay everything with wechat or alipay and similar solutions are popping up in Asia in every country with success. But in China it is accepted everywhere. And when it is not it still is because usually the shop cashiers will use their own phone to complete the transaction.
bonaldi 7y ago
Half of what you "want" is a quasi-dystopian nightmare.
- arkades 7y ago
  Don’t be such a pessimist. There’s nothing “quasi” about it.
- D-Coder 7y ago
  If this is what he wants for himself, it's not dystopian, it's personal info.
zelon88 7y ago
Why would you want Target telling Mastercard that you bought Spongebob underwear and 1,968 calories worth of freeze pops?
- xyzzy_plugh 7y ago
  Why do you believe this isn't already the case?