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I am really excited about this push technology (example: https://truelayer.com/paydirect https://truelayer.com/paydirect) It seems to me that merchants are pay
by tebbers 6y ago
I am really excited about this push technology (example: https://truelayer.com/paydirect https://truelayer.com/paydirect)
It seems to me that merchants are paying a ton of money in card fees and waiting 2-3 days for the transaction to settle) whereas actually the transaction could be done for pennies and settle instantly via the UK's very good Faster Payments infrastructure. If this takes off with consumers, Visa and MasterCard are going to see big chunks taken out of their business.