Peter Jones presented in Frankfurt last week to an august audience of senior German payments experts, at the PaySys breakfast event, on his perspectives on the future for cards. Is the cards model dead? Can it evolve to respond to the challenges of instant payments and the ubiquitous, low cost, credit transfer? What are some of the issues associated with the credit transfer that the cards market has already addressed?
If you would like to hear more about innovative topics such as this, come along to our conference on 14th November!
Users gain access by scanning their debit card, with cameras and ‘smart shelves’ tracking purchases and automatic payment on exit. Similar to Amazon Go but does not require an app.